The morphology of carbides, as well as the generation and propagation of fatigue cracks in a wear resistant white cast iron after impact fatigue test were observed by means of optical microscope and SEM, and the relationship among the content of RE (rare earths) in the wear resistant white cast iron and the heating temperature as well as the length and propagation speed of the fatigue cracks were determined. Based on the obtained results, the effect of RE modification and heat treatment on the impact fatigue property was further studied. Experimental results show that addition of RE can defer the time required for the generation of fatigue cracks, reduce their propagation speed and increase the impact fatigue resistance. The aforesaid effect is more noticeable in case of combined RE modification with heat treatment, which can be attributed to the variation in morphology and the distribution of the eutectic carbide network.