The sonochemical reaction of iron pentacarbonyl is explored in water and in water with the protein BSA (bovine serum albumen). In water, the reaction is found to produce spherical nanoparticles of magnetite (Fe3O4) with a particle size distribution of < 10 to similar to 60 nm. In water with BSA, the reaction produces either nanofibers or nanoneedles, depending on the concentration of BSA. The nanofiber and nanoneedle samples are found to be mixtures of goethite, lepidocrocite, and hematite (alpha-FeOOH, gamma-FeOOH, and alpha-Fe2O3, respectively). The sonochemical reaction of iron pentacarbonyl with BSA in water is thought to proceed through the thermal decomposition mechanism for iron pentacarbonyl with BSA acting as a templating agent.