Three 9Cr Fe-base ODS alloys were prepared by MA (mechanical alloying) and HIP (hot isostatic processing) processes. The addition of Ti was confirmed to have a significant effect on the tensile properties at high temperature as well as at room temperature, while the V addition did not clearly show its effect on the microstructure or on the mechanical porperties at both temperatures. Fine and evenly distributed Y and Ti containing complex oxide was detected in the Ti added ODS alloy. They were attributed to the good high temperature strengths. Different cooling rates from the normalizing temperature did not result in a significant change in the grain boundary characters, but rather significant differences were observed in the mechanical properties. This is mainly attributed to the difference of the matrix phase rather than to the grain size distribution or the grain boundary characters.