Abstract: A process comprising:(a) introducing a mixture comprising one or more alpha-olefins, carbon monoxide, and, optionally, one or more dienes into a reaction zone under polymerization conditions;(b) contacting the mixture with a catalyst prepared by a process comprising:(i) providing a transition metal in the zero valence state adsorbed on a support;(ii) reacting the supported metal with an oxidant to form a supported compound wherein the metal has a positive valence;(iii) ligating the supported compound with a ligand; and(c) introducing a reoxidant into the reaction zone to maintain the positive valence of the metal.