Abstract. We report the magnetic, magnetocaloric and magnetoresistance results obtained in Tb(Ni 1-x Fe x ) 2 compounds with x=0, 0.025 and 0.05. Fe substitution leads to an increase in the ordering temperature from 36 K for x=0 to 124 K for x=0.05. Contrary to a single sharp MCE peak seen in TbNi 2 , the MCE peaks of the Fe substituted compounds are quite broad. We attribute the anomalous MCE behavior to the randomization of the Tb moments brought about by the Fe substitution. Magnetic and magnetoresistance results seem to corroborate this proposition. The present study also shows that the anomalous magnetocaloric and magnetoresistance behavior seen in the present compounds is similar to that of Ho(Ni,Fe) 2 compounds.