The oxidation behaviour of Fe-XAl-0.1Y(X= 5, 10, 14 wt.%) alloys were investigated at 1073, 1173 and 1273 K in oxygen/ nitrogen gas atmosphere for 1∼24 hrs using SEM/EDX, XRD and EPMA. The weight changes of Fe-XAl-0.1Y alloys followed the parabolic rate law. Oxidation rates of 10Al and 14Al alloys were ten times lower than that of 5Al alloys. This is attributed to the formations of protective $A1_2$$O_3$oxides on the surface of 10Al and 14Al alloys. The oxidation product scales of the 5Al alloy showed that thick iron oxide scales($Fe_2$$O_3$, $Fe_3$$O_4$) containing porosities formed during early stages of oxidation. With continued oxidation, aluminum oxide was formed at the alloy/scale interface.