TiC particle reinforced 420 stainless steel matrix composites were fabricated, and the microstructure, tensile properties and wear resistance of the composites were studied. The experimental results indicate that the distribution of TiC particles with size of 5 to 10 μm in diameter is uniform if the volume fraction of TiC is lower than 6%. However, slight agglomeration can be observed when the TiC content exceeds 6%. With the increase of TiC content the tensile and yield strength of the composites prepared increases and reaches the maximum when the volume fraction of TiC increases to 5%. Further increase of TiC content causes reductions of yield and tensile strength. The ductility of the composites shows a monotone decrease with the increase of TiC addition. The introduction of TiC into 420 stainless steel results in significant improvement on wear resistance, which reaches a steady level when the volume fraction of TiC increases to 11% and does not show obvious variation if the TiC content is further increased.