Tensile and creep properties of vacuum-induction-melted and cast Fe-40Al-1C and Fe-40Al-1Ti (at.%) were studied. The ingots were hot-rolled at 1200 °C to plates of 12.5 mm thickness using a stainless steel sheath and cooled in air. The alloys showed microstructures with coarse elongated grains having diameters up to 500 and 300 m in the direction of rolling, respectively. Tensile tests were carried out at temperatures 20, 400, 600, 700, and 800 °C. The creep tests were performed under constant load of 100 MPa and 150 MPa at temperatures 550, 600, 650, and 670 °C. Fracture surfaces of tensile specimens tested up to 700 °C exhibited mainly intergranular decohesion. With increasing temperature, the proportion of ductile dimpled fracture increased, and at 800 °C the fracture surfaces of both alloys were practically completely covered by ductile dimples. In comparison to tensile test specimens, fracture surfaces of creep specimens showed an increased fraction of intergranular ductile fracture.