The first isolable d0 CO complex of Zr(IV), [Cp*2Zr(eta3-C3H5)CO]+BPh4- (25, has been prepared by treatment of [Cp*2Zr(eta3-C3H5)]+BPh4- (1) with CO. The remarkable stability of this complex is attributed to strong sigma-->pi* donation from the neighboring allyl ligand, completely inhibiting fluxionality in the allyl fragment. The structure of complex 2 is compared to that of [(Cp*Zr(eta3-C3H5)(NC3H3NCH3)]+BPh4- (3), in which the allyl ligand is fluxional and eta3-bound to the metal center, and [CP*2Zr(eta1-CH2CH=CH2)(PMe3)]+BPh4- (4), which has a terminally coordinated allyl group. The reactivity of these complexes toward ligand substitution is also explored.