Medium Mn steel is composed of sub-micron grained ferrite and austenite, the unstable austenite may transform to martensite during plastic straining. Although the mechanical properties of medium Mn steel could be easily tested by tensile test, it is quite difficult to directly measure the influences of different constituent phases on the tensile and work hardening behavior. Thus, at the present work, EBSD, TEM, XRD and a constitutive model based on dislocation density have been used to study the effects of intercritical annealing (IA) temperature on the tensile properties and work hardening behavior of a newly designed medium Mn steel, Fe-7%Mn-0.3%C-2%Al (mass fraction). Experimental results showed that with the increase of IA temperature, the mechanic stability of reverted austenite decreased gradually and the kinetics of strain induced martensite rose rapidly. The stability of the reverted austenite was moderate when intercritically annealed at 700 ℃, this led to the best plasticity and the optimal mechanical properties. Simulated results exhibited that the mechanic stability of austenite has a decisive influence on the tensile behavior of the material. The austenite stability will be too high if the IA temperature is lower, and this will lead to the lower work hardening rate and uniform elongation; when the IA temperature is moderate, the stability of austenite will be optimum, consequently strain-induced martensite would be progressively produced during straining and result in the higher work hardening rate and prolonged uniform elongation; the stability of austenite will be too lower if the IA temperature is higher, thus larger volume fraction of strain-induced martensite would be formed in a short period, and this would result in the higher tensile strength but the inferior uniform elongation.