Gas-phase He I and He II photoelectron spectroscopy is used to experimentally determine the bonding interactions of eta1-acetylide ligands in (eta5-C5H5)Fe(CO)2C=CR compounds (R = H, (t)Bu, or phenyl). The spectra show a large amount of interaction between the metal dpi orbitals and the acetylide pi orbitals. Evidence for this is obtained from the splitting of metal-based ionization bands, from the shifts in Cp-based and acetylide-based ionizations, from the changes in ionization cross sections between the He I and He II spectra, and from vibrational fine structure in the metal-based ionizations. The data indicate that the predominant pi interactions between the acetylide ligands and the metal are filled/filled interactions between the occupied acetylide pi bonds and the occupied metal dpi orbitals. The electronic interactions of the C=CR ligands with the metal are compared with those of CH3 (a primiarly sigma donor ligand), halides (pi donor ligands), and C=N (a weak pi* acceptor ligand), and are very similar to the interactions of the chloro ligand. Metal-to-acetylide-pi* back-bonding is extremely small in the acetylide compounds. Varying the acetylide substituent causes significant changes in the sigma and pi donor properties of the C=CR ligand. Compared to C=CH, the C=C(t)Bu ligand is a stronger sigma donor ligand and also has a stronger filled/filled interaction between the metal dpi and acetylide pi orbitals. The electronic mixing with the C=CPh ligand is even more extensive, since the metal dpi orbitals and the C=C pi bonds are further mixed with the phenyl ring pi orbitals. The nature of these pi interactions helps to explain the observed reactivity of electrophiles with ML(n)C=CR compounds and the observed electronic communication along the metal-carbon-carbon atom chain in transition metal-acetylide compounds.