AbstractWe study the stability of some strongly frustrated antiferromagnetic spin lattices in high magnetic fields against lattice distortions. In particular, we consider a spin‐s anisotropic Heisenberg antiferromagnet on the square‐kagomé and kagomé lattices. The independent localized magnons embedded in a ferromagnetic environment, which are the ground state at the saturation field, imply lattice instabilities for appropriate lattice distortions fitting to the structure of the localized magnons. We discuss in detail the scenario of this spin‐Peierls instability in high magnetic fields which essentially depends on the values of the exchange interaction anisotropy Δ and spin s. (© 2005 WILEY‐VCH Verlag GmbH & Co. KGaA, Weinheim)