1. The structure of dispersion-hardened nickel is due to the texture changes that occur under various deformation and heat treatment conditions. 2. The ultimate strength of bars at 1100° increases considerably after additional cold drawing, and subsequent high-temperature annealing does not reduce the mechanical properties at this temperature, which are ensured by the strong axial texture and retention of the original lattice. No effect on the mechanical properties of sheets at 1100° was observed after additional rolling and high-temperature annealing, which induce substantial structural changes. 3. Moderate upsetting of bars, in which recrystallization does not occur even at 1400°, creates conditions for intensive recrystallization at low temperatures.