The effect of strain rate in the range of 10(-4) to 10(-1) s(-1) on localization of deformation and fracture behavior of 5754 and 5182 aluminum alloys is investigated. For this study, tensile tests, interrupted tensile tests, shear band decoration, fractography and image analysis has been used. This investigation is based on experimental work and observation of the material behavior. Results show that strain rate has some effect on the mechanical properties and deformation stability of the alloys. The area of localized plastic deformation and thickness of the shear bands were found to be sensitive to the strain rate. It was also observed that localization of plastic deformation and shear band formation is an important step in the damage propagation and final fracture of the alloys. Detail of damage development, based upon micrographs of samples interrupted at different stages of straining is presented