Microscopic structures of Cu60Ti10+xZr30−x (x=0 and 10) alloys have been investigated by transmission electron microscopy, x-ray diffraction (XRD) and differential scanning calorimeter (DSC). In the Cu60Ti10Zr30 samples annealed at 708 K for times ranging from 0 to 130 min, where the enthalpy of the first exothermic peak decreases by 80%, the corresponding XRD patterns still look similar to that for the as-prepared sample. However, the simulated XRD patterns for the pure Cu51Zr14 phase, which is the crystalline phase formed during the first exothermic reaction, with small grain sizes and defects clearly show a broadened amorphous-like feature. This might be the reason that no diffraction peaks from the nanocrystalline component were detected in the XRD patterns recorded for the as-cast or as-spun Cu60Ti10+xZr30−x (x=0 and 10) alloys and for the alloys annealed at lower temperatures, in which the enthalpy of the first exothermic peak has a significant reduction. The second exothermic peak found in DSC curves is due to the formation of another hexagonal phase, spacing group P63/mmc (194) and lattice parameters a=5.105 Å and c=8.231 Å.