The dearomative (4 + 3) cycloaddition reactions of 3-alkenylindoles with in situ-generated oxyallyl cations furnish cyclohepta[b]indoles, functionality-rich frameworks found in many bioactive compounds, including all pentacyclic ambiguine alkaloids. The analogous reactions between oxyallyl cations and 3-alkenylpyrroles afford cyclohepta[b]pyrroles. The cycloadducts are generally formed in good to high yields and diastereoselectivities and can be readily transformed into useful derivatives. Additionally, we report preliminary investigations into the enantioselective catalysis of the dearomative (4 + 3) cycloaddition using imidodiphosphorimidate catalysts.