YFe10V2 and NdFe10V2 interstitially modified compositions with hydrogen and nitrogen atoms were prepared by solid – gas reaction and their structural and magnetic properties were studied. The XRD patterns indicate that the samples are single phase and better than 95% and their purity improves after hydrogenation. The crystallites were broken by nitrogenation which is due to the penetration of N atoms within Fe sites. In addition, easy magnetization direction corresponds to the tetragonal c-axis at room temperature. Thermomagnetic measurements illustrate that the 2-17 impurity phase is formed by annealing samples above 1000 ºC. Results of the dc-susceptibility measurements of NdFe10V2 sample exhibit a spin reorientation transition at TSR = 117 K. By analysis of the magnetization curves, first and second order anisotropy constants were deduced which gradually decreased by increasing temperature in the case of YFe10V2. But in the case of NdFe10V2, they tend to a maximum about 200 K and then follow natural thermal decrease.