The Rhodium(I) silyl complex trans-(PPh₃)₂(η²- norbornene)RhSiMe₂Ph (1) was generated via three routes. Treatment of RhY(PPh₃)₃ (Y = Cl, OAc) with at least two equiv. of PhMe₂SiH and norbornene (NBE) produced 1 and one equiv. of PhMe₂SiY and norbornane (NBA). Optimally, RhH(PPh₃)₃ with three equiv of PhMe₂SiH and NBE afforded 80% 1 plus one equiv of NBA; reactions with 10-20 equiv. each of PhMe₂SiH and NBE quantitatively generated 1. Finally, (η³-cyclohexenyl)Rh(PPh₃)₂ plus at least one equiv of PhMe₂SiH and NBE yielded 1:1 cyclohexene and 1. The reactivity of 1 reflects the high lability of its NBE and subsequent trapping of the 14-electron Rh(SiMe₂Ph)(PPh₃)₂. Reactions of 1 with acetic acid, dihydrogen, and EtMe₂SiH or Me(MeO)₂SiH accordingly yield RhH(PPh₃)₃ plus PhMe₂SiOAc or PhMe₂SiH, or two new silyl complexes (PPh₃)₂(NBE)RhSiR₃ [SiR₃ = SiMe₂Et, Si(OMe)₂Me] plus PhMe₂SiH. Either a deficiency of NBE or evaporation of solutions containing 1 initiates its degradation to a 3:1 mixture of (PPh₃)₂Rh-(η²-P,Si)-Si(MeR)C₆H₄PPh₂ (R = Me, Ph) through loss of benzene or methane, respectively. The same product mixture results from treating (PPh₃)₂Rh-(η²-P,C)-C₆H₄PPh₂ with PhMe₂SiH. Results of recent studies on the reactivity of 1 towards styrene, fluorenone-acetophenone-acetone, and acetonitrile will be presented.