The microstructure and mechanical properties of unidirectionally solidified Al-Fe-Ni and Al-Fe-B alloys have been studied in varying the some conditions. To investigate the change of microstructure and mechanical properties was carried out by the varying the composition and solidification rate from 1.2 to 80 mm/min at temperature gradient 60 .deg. C/cm. The results obtained are as follow; 1. In proportion to the increase of the solidification rate, the type of crystallized phase of these composite alloys was changed by added element. a) The crystallized phase of composite alloy in added nikel was changed from the rod-type fiber to platetype fiber. b) The crystallized phase of composite alloy in added boron was changed from the plate-type fiber to rod-type fiber. 2. The strength was rapidly increased with the changing process of crystallized fiber from the plate-type fiber to the rod-type.