Tensile deformation was carried out for a mechanically milled and thermo-mechanically treated Al–1.1Mg–1.2Cu (at.%) alloy at 748 K and three nominal strain rates of 10 −3 , 10 0 , and 10 2 s −1 . Despite the prevailing belief that superplasticity occurs by grain boundary sliding which requires slow strain rates at high temperatures, the maximum elongation was observed at the intermediate strain rate of 10 0 s −1 , neither at the lowest nor the highest strain rates. In order to explain this phenomenon, the true stress–true strain behaviors at these three nominal strain rates were analyzed from a viewpoint of dislocation dynamics by computer-simulation with four variables of the thermal stress component σ*, dislocation immobilization rate U, re-mobilization probability of unlocked, immobile dislocations Ω and dislocation density at yielding ρ 0 . It can then be concluded that the large elongation (>400% in nominal strain) at the intermediate strain rate is produced by a combination of a very large Ω and a moderate U, resulting in a large strain rate sensitivity m value.