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Several amorphous alloys were subjected to thermal processing subsequent to their rapid solidification. These alloys have been characterized utilizing metallographic (optical, TEM, and SEM) and x-ray methods. Also, mechanical property evaluations have been made. The alloys exhibit extremely fine grain size; some have a high degree of preferred orientation and second-phase precipitates in the submicron size range. Most have good modulus, high yield and ultimate strength, high reduction in area but limited percent elongation.