The microstructure, tensile and stress rupture properties of K492Malloy have been investigated in the present study. The results revealed that γ matrix, γ′ phase, carbide and eutectic in the interdendritic region within grain interior and along grain boundary were observed after solidification. After heat treatment, γ' precipitates with two obviously distinct size existed in the dendrite core and interdendritic region, respectively. Meanwhile, the chain-like (W, Mo)6C and Cr23C6carbides precipitated along grain boundary. The investigation of mechanical properties suggested that the tensile strength was initially increased but then decreased with increasing the temperature from 25oC to 760oC. The stress rupture life was 68.2h and 35.8h at 760oC / 655MPa and 870oC / 365MP, respectively. The columnar grain and carbide along grain boundary resulted in intergranular brittle fracture in both test conditions. As a result, the elongation under the conditions of 760oC/655MPa and 870oC/365MP was 1.5% and 1.4%, respectively.