The influence of reaction temperature on phase evolution of iron oxide hollow nanoparticles during chemical vapor condensation (CVC) process using iron acetylacetonate was investigated. X-ray diffraction (XRD) analyses revealed that three iron oxide phases (α-Fe2O3, γ-Fe2O3, and Fe3O4) and a mixture of β-Fe2O3 and small amount of γ-Fe2O3 were synthesized at 700oC and 900oC, respectively. TEM observation disclosed that the iron oxide particles are almost composed of hollow structured nanoparticles of 10~20 nm in size and 3~5 nm in shell thickness. This result implies that reaction temperature determining various reaction parameters plays an important role for the phase- and structural evolutions of iron oxide hollow nanoparticles. Especially, the present investigation attempted to explain temperature dependence of the phase evolution of β-Fe2O3 hollow nanoparticles in association with the decomposition of iron acetylacetonate.