The diferrous complex [Fe 2 (acpypentO)(NCO) 3 ] (1), (acpypentO -= the anion of 1,5-bis[2-pyridyl(1-ethylimino)]-pentane-3-ol) was studied by spectroscopic (dual-mode Xband EPR and 57 Fe-Mössbauer) and magnetic (AC magnetic susceptibility) techniques. Complex 1 (A. K. Boudalis et al., Inorg. Chem. 2004, 43, 1574 was previously shown to exhibit an intramolecular ferromagnetic coupling with important single-ion anisotropies with marked differences in the singleion electronic parameters of the two iron sites. In this contribution, additional studies are carried out to probe its dynamic magnetic properties. Mössbauer spectra recorded at liquid helium temperatures indicate slow paramagnetic relaxation and a ground state of the system characterized by a nonKramers doublet with an Ising-type anisotropy, a condition which favours single-molecule magnet (SMM) behaviour. A