The completely conjugated polymer, polyethynylferrocene, was prepared by heating ethynylferrocene with catalytic amounts of azobisisobutyronitrile to 180-240[ddot] under nitrogen in bulk. Cyclotrimerization competes with polymerization under these conditions. Pure low molecular weight polyethynylferrocene was isolated and characterized by IR and NMR spectroscopy and by a gel permeation chromatography. The pure polymer exhibits a conductivity of 2 × 10−14−1cm−1. Attempts to prepare polyethynylferrocene by heating acetylferrocene in molten zinc chloride were, contrary to literature reports, unsuccessful. A polymer containing hydroxyl and keto groups was obtained, and extensive degradation of the ferrocene groups occurred. The general reaction scheme is discussed. It includes cleavage of cyclopentadienyl rings from ferrocene and the incorporation of cyclopentane rings into the polymer structure.