Potential enhancement of mechanical properties of V-4Cr-4Ti by controlling precipitates of interstitial impurities (C, O and N) was investigated by means of various thermal and mechanical treatments. The increase in the cold working degree resulted in band structure of coarse Ti-CON precipitates having enhanced impact properties. Solid solution heat treatment followed by re-heating resulted in the formation of high density Ti-O-C precipitates enhancing high temperature strength. Combination of re-heating and cold rolling enhanced further the strength. Improvements in thermal and mechanical treatments are discussed for application of V-4Cr-4Ti to fusion structural materials.