We have investigated the effects of Fe on the structure and properties of 110 K phase superconductor Bi‐Pb‐Sr‐Ca‐Cu‐O. The zero resistance temperature decreases and the x‐ray diffraction intensity ratio of (200) to (001_4_) peak increases, with the increasing of the Fe atom concentration. These samples are of single (2223) phase structure. It may be suggested that a 95 K superconducting phase exists. Its structure is very similar to that of the Bi2Sr2Ca2Cu3Oyphase. The Fe atoms make the 110 K phase turn into the 95 K phase.