The microtextural, petrological and geochemical study of a ductile shear zone in the phlogopite peridotite of Finero/Ivrea Zone (northern Italy) reveals the long-term deformation of this zone. The zone is divided into a protomylonitic and an ultramylonitic part. Both parts reflect different periods of deformation, although the orientation of the mineral lineations does not change. In the coarse-grained part (period 1) the deformation started under granulite facies conditions (about 775°C). Olivine, ortho- and clinopyroxene and phlogopite recrystallized dynamically. In the ultramylonitic part relics of the granulite facies event and evidence for a continuous or two-stage deformation history under amphibolite facies (minimum 640°C) to upper greenschist facies conditions (maximum 520°C) are preserved (period 2). Amphibolite facies conditions are indicated by olivine recrystallization, the monoclinization of orthopyroxene porphyroclasts and the recrystallization and chemical changes of clinopyroxene. The greenschist facies final stage of period 2 is characterized by decreased X CO 2 and the syntectonic formation of antigorite, tremolite and phlogopite at the expense of recrystallized and porphyroclastic olivine and pyroxene. Between both deformation periods a short break in deformation continuity is probable. Continuous deformation or reactivation in shear zones of the Ivrea Zone has not been described so far. During the granulite facies shearing, small amounts of channelized fluid flow led to a slight mass transfer. The shear zone shows a moderate enrichment of Na, Ba, Cu, Cs, H2O and CO2 and a small loss of P. The mass balance of the ultramylonite indicates a significant increase in mass transport. A mass gain can be inferred for H, Na, K, Ba, Al, Ti, P, S, Cs, Sr, Rb, C, Zn, Zr, S, Sc, light rare earth elements, Nb, Cl and Au. The zone is depleted in Ca, Cu, Co, F and Ni. Si, Mg, Cr, Mn, Y, Nb and V are constant within analytical error. Deformation and fluid infiltration led to a change in volume which increases during the granulite facies event by 5.7% and during the lower temperature phase by 3.3%. The calculated fluid to rock ratios by standard equations results in unrealistically high values. For the interpretation of highly deformed rocks with drastic grain size reduction it is therefore necessary to consider the enhanced diffusion, which is mainly controlled by the increased grain boundary surface.