Two Fe/MCM-41 systems, one of them sylilated, were obtained to be used as catalysts in Fischer-Tropsch reaction. They have more than 90% of the iron species located inside the support channels, leading to a narrow crystal size distribution accessible to reactive gases. The samples were characterized by X-ray diffraction, atomic absorption spectroscopy, N 2 adsorption, Mössbauer spectroscopy and Fourier transformer infrared spectroscopy. Mössbauer spectroscopy allowed us to demonstrate that the catalytic active species were the same in both catalysts. The only difference between them was the surface hydrophobicity, which decreases the "water gas shift reaction" in the sylilated catalyst. Besides, this solid is more active for hydrocarbon production, with a lower methane yield.