[reaction: see text] Lobocyclamide B, a cyclododecapeptide containing five beta-hydroxy-alpha-amino acid residues, was isolated from Lyngbya confervoides. This is the first reported occurrence of gamma-hydroxythreonine in a natural peptide. Optically active beta-hydroxy-alpha-amino acids required for configurational analysis of the title compound were prepared using a novel (-)-sparteine-mediated asymmetric aldol addition of N-(diphenylmethylene)glycine tert-butyl ester to aldehydes. The method is general for aliphatic and aryl aldehydes and notable for operational simplicity.