This study is aimed to investigate the effect of various thermomechanical treatments($T_6$, $T_8$ and ITMT) on the microstructure and mechanical properties of an Al-Cu-Li-Ag-Mg-Zr alloy (Weldalite 049) which has been known to strong natural aging response, good weldablity and high strength in $T_6$ sand $T_8$ temper. This experiment was performed by means of differential scaning calorimetry, tensile test, optical and transmission electron microscopy. The tensile strength in the peak aged condition shows 620, 650 MPa in $T_6$ and $T_8$(40% cold work), respectively. Also, The tensile strength is increased with cold working in $T_8$ but decreased at 60% cold working. However, the tensile strength of the intermediate thermomechanical treated speciman(ITMT) is lower than that of $T_6$ temper about 20% but the elongation is higher than two times. It might be predicted that the ITMT is effective processing to improve the toughness of this alloy. In $T_6$, $T_8$ and ITMT, the major strengthening phase is $T_1(Al_2CuLi)$ phases. and the fine $T_1$ phase which are homogeneously precipited in matrix was observed much more in $T_8$ than $T_6$ and ITMT.