A new 14-membered macrocyclic ligand, 5,7,12,14-dibenzo-2,3,9,10-tetraoxa-1,4,8,11-tetraazacyclotetradecane and a 16-membered ligand, 6,8,14,16-dibenzo-4,12-dimethyl-2,10-diphenyl-1,5,9,13-tetraazacyclohexadeca-1,5,9,12-tetra-ene and their transition metal complexes were prepared by the template method and characterized on the basis of elemental analysis, i.r., ¹H-n.m.r., electronic spectral studies, conductivity and magnetic susceptibility measurements.