Dry sliding wear behavior of electro-pressure sintered Fe-Ni and Co-Fe-Ni compacts was investigated. Pin-on-disk wear tests were performed on the sintered Fe-Ni, Co-Fe-Ni disk specimens against alumina $(Al_2O_3)$ and silica $(SiO_2)$ ball counterparts at various loads ranging from 3N to 12N. A constant sliding speed of 0.1m/sec was employed. Wear rate was calculated by dividing the weight loss measured after the test by specific gravity and sliding distance. Worn surfaces and cross sections of them were examined by a scanning electron microscopy, and wear mechanism of the compacts was investigated. Wear characteristics of the compacts were discussed as a function of composition of the compacts. Relationship between the wear rate and mechancial properties of the compact was explored, and effects of the oxide layer that was formed on wearing surface of the compacts on the wear were also studied.