The effect of annealing temperature for oxygenation (T oxg ) on grain boundary (GB) segregation and the distribution of calcium in the bulk was studied for Dy123/Ca z (z = 0, 0.2) ceramics for T oxg = 480 and 550 • C, where the first case corresponds to full oxygenation and the second to a little oxygen deficiency. Energy selective x-ray analysis techniques (with an ultra-fine probe) in field emission transmission electron microscopy were used for the characterization of the microstructure. It was found that Ca segregates at GBs in both cases, but the extent of such segregation strongly depends on T oxg . The GB segregation for T oxg = 550 • C was much lower than for 480 • C. For T oxg = 480 • C, the calcium concentration was 1.5-3.5 times higher than in the bulk in 60% of the GBs, and segregation was absent in 40% of the GBs. For T oxg = 550 • C, only 25% of the GBs showed Ca segregation, with a concentration 1.2-1.3 times exceeding that in the bulk. In both cases, the width of the segregation profile was about 10 nm. The change in T oxg also affected the distribution of Ca in the bulk. In this way, the changes in the superconducting properties were directly correlated to the microstructure.