An amidinato-phosphino ligand ArN = C(R)NH(o-Ph2PC6H4) (Ar = 2,4,6-Me3C6H2, R = Ph (1); Ar = 2,6-iPr(2)C(6)H(3), R = Ph (2); Ar = 2,6-iPr(2)C(6)H(3), R = tBu (3)) was prepared. The ligand reacted with CrCl3(THF)(3) to yield the N,P-chelation complex [ArNHC(R) = N(o-Ph2PC6H4)]CrCl3(THF) (4-6), and the ligand's lithium salt ArN=C(R) N(o-Ph2PC6H4)Li reacted with the respective CrCl3(THF)(3) and CrCl2(THF)(2) to give the N, N, P-chelation complexes [ArN=C(R) N(o-Ph2PC6H4)]CrCl2(THF) (7-8) and {[ArN=C(R) N(oPh(2)PC(6)H(4))]Cr(mu-Cl)} 2 (9-11). Complexes 1-11 were characterized by IR, NMR (for 1-3), EPR (for 4-11) spectroscopy and CHN elemental analysis, of which 3, 5, 8, and 11 were further studied by X-ray crystallography. Upon activation with an organoaluminum cocatalyst, complexes 4-6 were all catalytically active in ethylene tri-/tetramerization along with ethylene polymerization, and complexes 7-11 functioned as well but in ethylene polymerization. The correlation between the structure and the catalytic properties of the catalyst system is discussed.