The microstructures and mechanical properties of an Fe-modified L12 alloy containing 7.5 at.% Fe have been investigated. This alloy has been determined to be essentially single phase following a homogenization heat treatment (HHT) at 1100°C for 100h, with a very small volume fraction of precipitates having been observed to form along dislocations. Conversely, in the case of the as-cast (AC) condition, the alloy has been determined to contain band-like precipitates, which have also formed along dislocations. In addition, a high density of very thin plate-like precipitates have formed parallel to {001} planes of the L12 matrix. Although these plate-like precipitates appear to exhibit lattice tetragonality, their crystal structure cannot be explained by assuming D022 and D023 structures. Five different <110>-type dislocations havfe been activated within a small region of a matrix grain during deformation at 1100°C, some of which cross slipped from {111} to {001} planes. Specimens in both AC and HHT conditions were deformed in compression to approximately 0.5% without fracture at both 22 and 1 100°C, the yield stress for the HIT condition having been determined to be 192 MPa at 22°C and 98 MPa at 1100°C.