Abstract-Results of studying structural and phase transformations that occur in the cast high entropy equi atomic AlCrFeCoNiCu alloy after ultrarapid quenching from the melt in an inert atmosphere (RQM) and var ious isothermal treatments are presented for the first time. The investigations have been performed using ana lytical, transmission and scanning electron microscopy, energy dispersive X ray spectroscopy, and X ray diffrac tion structure and phase analyses, as well as measurements of the nanohardness, microhardness, and elastic moduli. It has been found that an ultrafine grained structure is formed in this alloy during RQM. Already during quenching and, especially, during subsequent annealing, the alloy undergoes decomposition, which is accom panied by the precipitation in the bcc (B2) matrix of some nanosized phases, predominantly of equiaxed mor phology, both atomically ordered (B2) and disordered (A2), with various chemical compositions. All nanophases are multicomponent solid solutions and are enriched in a few elements, which leads to a pro nounced nanomodulation of the elemental and phase compositions over the alloy bulk, identified, in particular, from the presence of satellites in the vicinity of some reflections in selected area electron diffraction patterns.