A series of copper–iron catalysts with Cu-to-Fe proportions of 1.0, 1.5, and 2.0 has been prepared by the precipitation of three different copper–iron cyanide complexes, viz. Cu 2Fe(CN) 6, Cu 3[Fe(CN) 6] 2 and CuFe(CN) 5NO, onto a γ-Al 2O 3 support. Oxidative decomposition of these stoichiometric heteronuclear cyanide complexes resulted in the formation of particles of uniform Cu-to-Fe ratio, made up of intimately mixed CuO and Fe 2O 3 crystallites. The reduction of the oxidic precursors was studied by means of magnetization measurements and Mössbauer spectroscopy. The presence of Cu facilitates the reduction of the iron oxide. The distribution of the Cu and Fe atoms in the bimetallic particles appeared to be strongly dependent on the applied reduction procedure. Slow reduction prevents excessive phase separation. Exposure of the reduced catalysts to carbon monoxide results in a rapid segregation of Fe to the particle surface. Infrared spectroscopy indicates the presence of several types of linearly and bridged-bonded CO species on the bimetallic surface. Reversibly adsorbed CO on Cu-like sites decreases the apparent intensity of the absorption band due to irreversibly adsorbed CO on Fe-like sites. Experiments with isotopically labeled C 18O suggest that the CO on Fe-like sites is mobile and can be exchanged with CO bonded to adjacent Cu-like sites.