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Fine-grained 01420 A1-Li alloy sheets were produced by thermo-mechanical processing based on the mechanism of particle stimulated nucleation of recrystallization. The thermo-mechanically processed sheets were observed to contain layers of different microstructures along the thickness. The precipitate behavior of the second phase particles and their effects on the distribution of dislocations and layered recrystallized grain structure were analyzed by optical microscopy(OM), scanning electron microscopy(SEM), transmission electron microscopy(TEM) and X-ray diffractometry(XRD). The formation mechanism of the gradient particles was discussed. The results show that after aging, a gradient distribution of large particles along the thickness is observed, the particles in the surface layer(SL) are distributed homogeneously, whereas those in the center layer(CL) are mainly distributed parallel to the rolling direction, and the volume fraction of the particles in the SL is higher than that in the CL. Subsequent rolling in the presence of layer-distributed particles results in a corresponding homogeneous distribution of highly strained regions in the SL and a banded distribution of them in CL, which is the main reason for the formation of layered grain structure along the thickness in the sheets.