The partial substitutions of Co for Fe and Ge for B are studied for a Fe 83-x Co x Zr 6 B 10-y Ge y Cu 1 alloy series (x = 0, 5 and 20; y = 0 and 5) as a possible way to enhance the high temperature applicability of NANOPERM alloys. The devitrification process, the nanocrystallization kinetics and the nanocrystalline microstructure are similar for all the studied alloys. Good soft magnetic properties are observed even at a high crystalline volume fraction of bcc -Fe nanocrystals, which are stable up to ~1000 K. The partial substitution of Co for Fe is very effective to increase the Curie temperature of the residual amorphous matrix (T C AM ). Although the substitution of Ge for B is ineffective to increase T C AM , a clear increase of the saturation magnetization with respect to the Ge-free alloy can be observed. These nanocrystalline compositions have a high concentration of Fe and a typical composition: Fe-M-ET-(Cu), where M is a metalloid and ET is an early transition metal. The addition of metalloids, such as B, P, Si, etc., is necessary to enable the production of a precursor amorphous alloy by rapid quenching techniques, from which the nanocrystalline microstructure is obtained after controlled crystallization. It is important to distinguish two different kinds of metalloids: those highly soluble in the -Fe phase (e.g. Si) and those whose solubility in this phase is very restricted (e.g. B). The former elements will be generally dissolved in the crystalline phase, increasing the crystalline volume fraction but deteriorating some magnetic properties like the saturation magnetization and the Curie temperature of the crystalline phase. The latter elements will remain in the amorphous matrix and will diminish the maximum volume fraction of nanocrystals, although preserving the purity of the -Fe phase.The early transition metals (Zr, Nb, Hf, etc.) have a very low solubility in the -Fe phase and, consequently, will remain in the amorphous matrix. However, due to the very slow diffusivity of these elements in the amorphous phase, they pile up at the crystal-matrix interface and constrain the growth of the crystalline phase to the nanocrystalline scale. was proposed mainly because of the strong increase of the Curie temperature of the residual amorphous phase (T C AM ) due to the partial substitution of Co for Fe with respect to the Cofree NANOPERM alloy [7]. In fact, the exchange coupling between nanocrystals is transmitted through the ferromagnetic residual amorphous matrix and thus, at temperatures above the Curie temperature of this residual amorphous matrix, the nanocrystals become exchange uncoupled and, consequently, the outstanding soft magnetic properties of these In this work, the combined effect of partial substitution of Co for Fe and Ge for B on the microstructure and the magnetic properties of nanocrystalline alloys is studied. The maximum Co concentration studied in the alloys is 20 at. %, in order to search for a new showed that this parameter is seriously deteriorated for higher Co con...