We consider the radiative decay b → sγ, and the correction to the Zbb vertex in technicolor models with scalars. In these models, the scalar develops a vacuum expectation value when the technifermions condense, and the ordinary fermions develop masses via Yukawa couplings. Since the symmetry breaking sector involves both a fundamental scalar doublet and an isotriplet of composite scalars (the technipions), the phenomenology associated with the charged scalars is similar to that found in a type-I two-Higgs doublet model. We show that the correction to the Zbb vertex is small over the allowed parameter space of the model in the two limits that we consider, and that there can be large, potentially observable, contributions to the b → sγ branching fraction. © 1995.