The ternary alloy of Ni-34Al-32V(at%) and Ni-28.5Al-43V were prepared with success by vacuum non-consumable arc melting.The various locations of alloy solidified microstructure and compression behavior were investigated by using optical microscope(OM), X-ray diffraction(XRD) as well as scanning electron microscope (SEM).The results show that the solidified microstructure of the ternary alloy NiAl-32V was mainlly composed of the NiAl primary phases and NiAl+V eutectic.Meanswhile, the NiAl-43V was mainlly composed of the V primary phases and NiAl+V eutectic.At the same time, the mechanical properties of these two alloys were tested.From the fact, the compressive properties at room and elevated temperatures of the two composites are much higher than those of NiAl alloy.According the fact that V additions can remarkably improve the room-temperature fracture toughness and the elevated temperature strength of the NiAl-V alloy.