Aim. To investigate the prevalence of anemia and renal dysfunction combination among patients with severe chronic heart failure (CHF), as well as the effects of intravenous (i/v) iron therapy. Material and methods. In total, 42 patients (mean age 69,3 +/- 1,2 years) with Functional Class III-IV stable CHF (NYHA classification) were examined. Glomerular filtration rate (GFR) was calculated based on creatinine concentration (MDRD formula). Anemia was diagnosed by WHO criteria: hemoglobin (Hb) level < 130 g/l in men and < 120 g/l in women. Eleven patients were administered Venofer for 24 weeks. At baseline and after the treatment course, 6-minute walk test (6mw) was performed. Results. Anemia was diagnosed in 17 (40,5%) patients, including 13 with iron deficiency. Chronic renal failure (CRF; GFR < 60 ml/min) was observed in 64,7% of the participants. Clinical and laboratory parameters were compared in patients with cardiorenal syndrome (GFR < 60 ml/min) with or without anemia. Significant negative correlation was observed between Hb and creatinine levels (p=-0,02), with positive correlation between hematocrit (Ht) and GFR levels (p=0,044). Intravenous iron therapy was associated with a significant increase in Hb (from 128,2 +/- 14,4 to 139,0 +/- 17,4 g/l; p=0,03), Ht (from 38,4 +/- 3,5 to 41,3 +/- 5,06; p=0,03), and physical stress tolerance (PST), according to 6mw test results. Conclusion. The combination of cardiac pathology, renal dysfunction and iron-deficient anemia was typical of patients with severe CHF Iron therapy was associated with significant increase in Hb, Ht, and PST levels, without any severe adverse effects.