The slow addition of Re(2)(&mgr;-H)(2)(CO)(8) to a solution of Ir(CO)(eta(2)-C(8)H(14))(eta(5)-C(9)H(7)) in hexane at reflux provides IrRe(2)(&mgr;-H)(2)(CO)(9)(eta(5)-C(9)H(7)) (1) in 80% yield. The molecular structure of 1 shows an IrRe(2) triangle incorporating one Ir(CO)(eta(5)-C(9)H(7)) and two Re(CO)(4) fragments. The strongly different Ir-Re distances suggest that one hydride ligand bridges one Ir-Re edge and the other hydride bridges the Re-Re edge. Low-temperature (1)H and (13)C NMR spectra are consistent with this structure; at higher temperatures a dynamic process involving migration of one hydride ligand between the two Ir-Re edges is observed. Cluster 1 is readily deprotonated with KOH/EtOH, and the resulting anion has been isolated as the PPN salt, [PPN][IrRe(2)(&mgr;-H)(CO)(9)(eta(5)-C(9)H(7))] (2). Both the (1)H and low temperature (13)C NMR spectra of 2 are consistent with a structure in which the remaining hydride ligand bridges the Re-Re edge. Variable-temperature (13)C NMR spectra indicate that 2 undergoes CO scrambling localized on the Ir-Re edges. The reaction of 1 with PPh(3) leads to IrRe(2)(&mgr;-H)(2)(CO)(8)(PPh(3))(eta(5)-C(9)H(7)) (3), which contains the phosphine on a rhenium atom, as well as to cluster fragmentation.