The complex derived from Fe(NO3)3 · 9H2O and perchlorate salt of N,N,N',N'-tetrakis- (2-pyridylmethyl)-2-hydroxy-1,3-diaminopropane (abbreviated as H(HPTP)) is formulated as a binuclear species with μ-alkoxo and μ-hydroxo bridges, [Fe2(HPTP)(OH)(NO3)2 ](ClO4)2, on the basis of analytical data, magnetic properties, and conductivity data. This complex reacts with hydrogen peroxide in water to form a violet adduct with new charge transfer bands in the range 520-600 nm. This adduct is very unstable at room temperature, indicating the high catalase-like function of this complex. The complex exhibits a high ability to degradate DNA in the presence of H2O2. The observed high catalase-like and bleomycin-like functions of the complex are discussed in terms of the activation of the peroxide ion by the binuclear iron(III) compound.