18β-Olean-12-ene-3β, 30-diol (deoxoglycyrrhetol)(4a) was prepared with a view to eliminating pseudoaldosteronism, a side-effect of glycyrrhetinic acid (1b), which is the sapogenin of Licorice saponin, glycyrrhizin (1a), while maintaining or enhancing the therapeutic activities. On reduction of the 11-keto and 30-carboxyl groups of 1b with NaAlH 2- (OCH 2 CH 2 OCH 3) 2, olean-12-ene-3β, 11β, 30-triol (9) and olean-12-ene-3β, 11α, 30- ...