Fe-Co alloys are promising materials for high power density motors, since they have higher Bs than Fe-Si steels which are most commonly used as the motor cores. It is known, however, that the Fe-Co alloys generally have poor workability due to an existence of the brittle phase, ordered B2. In this study, effects of Co content and Si/Al addition with the Fe-Co alloys on the workability and magnetic properties were investigated. The neutron diffraction measurements of the Fe-Co alloys with different Co contents of 5, 18, 27, and 49 mass% were first conducted to know the existence of the ordered B2 phase. The result showed that the B2 phase was observed in the Fe-Co alloys with Co contents of 27 and 49 mass%, while the alloys with 5 and 18 mass% did not contain it, which suggests the latter two alloys have the better workability. Then, we checked the effect of Si/Al addition on the magnetic properties of the 82Fe-18Co alloy, and found that the co-addition of Si/Al reduce the coercivity, Hc to about 60 A/m and iron loss to less than 170 W/kg while maintaining a high B value at 30 000 A/m above 2.2 T.