As the fundamental research of preparation of fine single crystalline ferroxplana by means of glass-crystallization methods using steel twin-roller the properties of ferroxplana extracted from cyrstallized glass were studied. Most of all the specimens quenched by twin-roller at about 1350$^{circ}C$ were glass phase, the crystallization of these glass had multi-steps and ferroxplana phase was only stable untill 900$^{circ}C$, began to be decomposed from about 950$^{circ}C$ in glass. The morphology of particle could be controlled by the composition and crystallization condition, and Zn2+ was replaced by reduced Fe2+ which is 2∼3% contents of total Fe. Ferroxplana extracted had such magnetic properties as Ms=34 emu/g, mHc=10 Oe and Curie Temperature, Tc=425K.