The partial substitution of Fe for Cu on the electrical and magnetic properties of (Bi 1.6 Pb 0.4 )(Sr 1.8 Ba 0.2 )Ca 2 (Cu 1−x Fe x ) 3 O y (0 × 0.05) has been investigated by electrical resistance, magnetic a.c. and static susceptibilities measurements. The superconducting transition temperatureT c decreases with increasing Fe concentration and the samples are characterized by a linear temperature dependence of the electrical resistance above2T c . The excess conductivity was analyzed. The inter- and intragrain critical temperatures are affected differently. Static susceptibility yielded the effective magnetic moments corresponding to the high spin state of Fe.