The Co-18Cr-20Ni-4 Vol % ThO2 powders were prepared by a flash drying selective reduction process starting with an aqueous solution of metal salts and colloidal thoria. Powders were consolidated and extruded into rods with a minimum density of 99% of theoretical. Swaging and annealing studies were conducted to determine the conditions that would lead to a product with high stress-rupture strength. The best process yielded a stress-rupture life of 7.2 hours at 10 KSI (69 MN sq m and 2000 F (1094 C). The alloy recrystallized to a duplex (coarse-fine) structure and thus did not exhibit the desired strength of 3000 hours at 15 KSI (103.5MN/sq m and 2000 F (1094 C).