Fe-base amorphous alloy and two crystalline phases composite were fabricated. The effect of temperature and strain rate on mechanical properties was evaluated utilizing compression test. Mixture of non-crystalline and crystalline phases were found using X-ray diffraction (XRD) and differential thermal analysis (DTA) tests. Based on glass transition temperature and crystallization temperature. compression tests were performed in the temperature ranging from $560^{circ}C$ to $700^{circ}C$ with $20^{circ}C$ interval. Relationship between microstructure, including fracture surface morphology, and mechanical behavior was studied. The peak stress of Fe-base amorphous alloy was over 2GPa and expected to have a good wear resistance, but it is expected hard to deform because of low ductility. The peak stress and elongation of two crystalline phases composite was over 1GPa and about 20%, therefore it is possible to deform high strength wear resistant materials such as engine valve.