A simple and novel method for the preparation of 1,3,8,10,15,17,22,24-octanitrophthalocyanine derivatives, MPcON's (M = Fe (III)Cl, Zn(II), Co(II), Cu(II) and Ni(II)), was developed. The dark green complexes were characterized by elemental analysis, electronic spectra, IR spectra. thermogravimetry, differential thermal analysis, powder X-ray diffraction and magnetic susceptibility.