Effects of coolant pre-cooling and fuel pre-heating on the performance of a combined cycle using a F-class gas turbine were investigated. Coolant pre-cooling results in an increase of power output but a decrease in efficiency. Performance variation due to the fuel pre-heating depends on the location of the heat source for the pre-heating in the bottoming cycle (heat recovery steam generator). It was demonstrated that a careful selection of the heat source location would enhance efficiency with a minimal power penalty. The effect of combining the coolant pre-cooling and fuel pre-heating was also investigated. It was found that a favorable combination would yield power augmentation, while efficiency remains close to the reference value.