The plastic and elastic deformation of PM two-phase Iron-Copper polycrystals was studied experimentally and modelled by a FEM model calculation, taking into account anisotropic elasticity and crystal plasticity. Following quantities were experimentally measured and calculated by a FEM model calculation: A local strain distribution and rolling textures. For a judgement of model predictions the orientation densities of the bcc a-fibres of Iron and of the fcc b-fibres of Copper were considered. Good predictions of the texture evolution were found in cases only, where local micromechanical interactions are not too much influenced by the heterogeneity of the microstructure. The implications of these results for the development and use of FEM schemes for modelling heterogeneous polycrystal plasticity are discussed.