Within the last decade, metallic glassy alloys in bulk form produced by slow cooling from the melt [1±4] have attracted widespread interest ranging from scientific curiosity about the structure and the resulting properties to technological aspects of preparation and potential applications. In contrast to binary and ternary amorphous metallic systems produced in form of thin ribbons, these multi-component alloys are characterized by a strong glass-forming ability (GFA) together with a wide supercooled liquid region, thus giving rise to a high thermal stability against crystallization. This enables the production of bulk glassy samples with a thickness of up to 75 mm by conventional casting techniques. [13] Besides their thermodynamic properties Zr-based bulk metallic glasses (BMGs) in particular reveal outstanding mechanical properties at room temperature, [5±8] namely a beneficial combination of yield strength values as high as those known for high-strength structural steels, microplasticity of up to 1 %, low Young's moduli and high fracture toughness values comparable to those of aluminum alloys. The desirable properties of the amorphous phase together with the reported easy forming and shaping ability in the viscous state at elevated temperatures above the glass transition [11] promise applications in the field of near-net shape fabrication of structural components. [12,13] In the present work, we will review the deformation mechanism in the supercooled liquid state, since it is of paramount importance to identify and assess the temperature COMMUNICATIONS ADVANCED ENGINEERING MATERIALS 2005, 7, No. 9