The Phebus FPT1 test at IRSN, selected to be ISP-46, has been analyzed by the IMPACT/SAMPSON code, a detailed severe accidents (SAs) analysis code for an LWR. The results for the Bundle phase, involving an examination of bundle degradation and fission products release during SA conditions, were reported. Conclusions obtained from the analyses are as follows: (1) Temperature changes of fuel, cladding, and control rod were well predicted until about 12,000 s when almost all thermocouples measuring them failed. (2) Accumulated hydrogen generation due to Zr/steam reaction differed only about 3% from the test result. (3) Overall, good agreement was obtained for the fuel relocation and an accumulation of debris just below original spacer position was well predicted in the analysis. (4) Analysis of enhanced diffusion due to degraded fuel by Lewis et al.'s method enabled simulation of release behaviors of Xe, Cs, I, and Te within the uncertainties in the test when the effective surface to volume ratio was changed in the evaluation of the UO2 oxidation. (5) Diffusion analysis through single-crystal grain could trace the release behavior of Mo, Sb, Tc, Ru, and Ba observed in the Phebus FPT1 test after optimizing their diffusion coefficients with the effective surface to volume ratio determined above.