The magnetic properties observed after various thermal-magnetic treatments for a ͑Co 0.85 Fe 0.15 ͒ 83.6 Ni 4.4 Zr 7 B 4 Cu 1 alloy are compared with those for a ͑Co 0.88 Fe 0.12 ͒ 79.4 Nb 2.6 Si 9 B 9 alloy of similar Co:Fe ratio which exhibited a large field induced anisotropy in previous work. The qualitative conclusions arrived at here also apply to the ͑Co 0.85 Fe 0.15 ͒ 88 Zr 7 B 4 Cu 1 alloy without Ni. For the transverse magnetic field annealed ͑Co 0.85 Fe 0.15 ͒ 83.6 Ni 4.4 Zr 7 B 4 Cu 1 alloy, the highest anisotropy fields H K ͑H K ϳ 35-40 Oe͒, field induced anisotropies K U ͑K U ϳ 1700-2000 J / m 3 ͒, and lowest coercivities H C ͑H C ϳ 0.5-1.5 Oe at f = 3 kHz͒ were observed for field annealed amorphous ribbons as compared to field crystallized ribbons. For the ͑Co 0.88 Fe 0.12 ͒ 79.4 Nb 2.6 Si 9 B 9 alloy, the field induced anisotropy is a maximum for field crystallized ribbons ͑H K ϳ 28-45 Oe, K U ϳ 800-1800 J / m 3 ͒ and the increase in dynamic coercivity ͑H C ϳ 0.5-1 Oe at f = 3 kHz͒ observed upon crystallization is much less dramatic. The field annealed amorphous alloy of composition ͑Co 0.85 Fe 0.15 ͒ 83.6 Ni 4.4 Zr 7 B 4 Cu 1 exhibited field induced anisotropies and dynamic coercivities that are competitive with the field crystallized alloys of composition ͑Co 0.88 Fe 0.12 ͒ 79.4 Nb 2.6 Si 9 B 9 .