A process for the telomerization of butadiene comprising reacting, in a reaction zone in the liquid phase, 1,3-butadiene, and an active hydrogen containing compound, in the presence of a catalyst that comprises a Group VIII transition metal and a phosphine ligand having three phenyl groups, wherein one phenyl group has as a substituent exactly one ortho-alkoxy group, and at least one of the other two phenyl groups comprises at least one substituent that has a Hammett constant value greater than zero, such that the phosphine ligand has a Tolman's chi value ranging from 10 to 18, and a catalyst promoter;
- under conditions such that a reaction product comprising at least one alkoxy-substituted octadiene is formed.