The hydroxy macrocycles 8, 19a-c were prepared in 40-55% yields by reacting the dipotassium salts 2a-c with each of epichlorohydrin (7) and bis(chloromethyl) derivative 18. Acylation of the hydroxyl group of each of 8, 19a-c with 2-chloroacetylchloride (9) in DMF gave the corresponding esters 10, 20ab. Reaction of the latter with different amines as well as phenoxides famished exclusively the target lariat macrocycles 13a-c, 22a-c and 23a-c in 60-63% and 50-55% yields, respectively. Amination of two equivalents of the chloroacetyloxy derivative 10 and 2a,b with 1 equiv. of piperazine (12c) afforded the corresponding bismacrocycles 14 and 26a,b respectively, in 60-65% yields. Moreover, the novel bis(macrocycles) 27-29 were prepared in 45-50% yields, respectively, by reacting each of 20a,b with the dipotassiurn salts 2b, 24 and 25 respectively, in DMF.