We have succeeded in synthesizing PrFe11V12xTix (x50.2-1) compound and their nitrides with the ThMn12-type structure. The phase formation and magnetic properties have been investigated by x-ray diffraction, differential thermometric analysis, and magnetic measurement. The stable temperature range of the 1-12 phase for PrFe11V12xTix alloys has been determined as a function of Ti content. PrFe11V compounds with the ThMn12-type structure do not exist and PrFe11Ti compounds with the TnMn12-type structure are obtained by annealing in a narrow temperature range between 1303 and 1383 K. Furthermore, 1-12 phase with the ThMn12-type structure can be obtained at lower temperature and wider temperature range with decreasing Ti content x (0.2<x<1). PrFe11V12xTixNy with x50.2-1 has a Tc of about 730-785K, Ba larger than 8 T and Ms in the range 144-148 emu/g. These intrinsic magnetic properties are highly favorable for permanent magnet applications. As a preliminary, an intrinsic coercivity of 5.4 kOe is obtained for PrFe11V0.5Ti0.5Ny at room temperature by using mechanical alloying technique.