Al-8Fe-2Mo-2V-1Zr alloys were prepared by the gas atomization/hot extrusion and the melt spinning/hot extrusion. For the gas atomized and extruded alloy, equiaxed grains with the average size of 400 nm and finely distributed dispersoids with their particle sizes ranging from 50nm to 200nm were observed. For the melt spun and hot extrusion processed alloy, refined microstructural feature consisting of equiaxed grains with the average size of 200nm and fine dispersoids with their particle sizes under 50nm appeared to exhibit a difference in microstructure. Strength of the latter alloy was higher than that for the former alloy up to elevated temperatures.