Alpha substituted carboxylic acids of formula (I): 1
wherein R.sup.1 and R.sup.2 are as defined in the specification and
R.sup.3 is 2
wherein Y, Ar.sup.1, Ar.sup.2, Ar.sup.3, R.sup.4, R.sup.5, R.sup.6,
R.sup.7, R.sup.8, R.sup.9, R.sup.9a, R.sup.10, R.sup.11, R.sup.12,
R.sup.17, ring A, and p are as defined in the specification;
pharmaceutical compositions containing effective amounts of said
compounds or their salts are useful for treating PPAR, specifically PPAR
.alpha./.gamma. related disorders, such as diabetes, dyslipidemia,
obesity and inflammatory disorders.