The transformation mechanism of (c ? c 0) was studied by analyzing the microstructure and elemental distribution of the U720Li samples heated at 1250°C and cooled at the rates in the range of 1-100°C/s. Although the (c ? c 0) is deemed to be formed by a eutectic reaction and has been called eutectic (c ? c 0), it was found in the present study that the (c ? c 0) precipitation begins with a peritectic reaction of (L ? c) ? c 0 , and develops by the eutectic reaction of L ? (c ? c 0). The energy for the c 0 nucleation is low because the interfacial energy for the c/c 0 interface is about one-tenth of the solid/liquid interface, and hence, the nucleation rate is high and the fine structure of (c ? c 0) is formed at the initial precipitation stage. The c and c 0 in (c ? c 0) tend to grow into a lamellar structure because it is difficult for them to nucleate directly from the residual liquids, and hence, the c 0 precipitates naturally tend to grow divergently direction of the regions rich in Al and Ti, forming a fan-like structure of the (c ? c 0). As a result, the c 0 precipitates will coarsen finally because the space between them is enlarged. The solidification of the final residual liquids is a diffusion dependent process. When cooled at a higher rate, a higher degree of super cooling is reached and finally the solidification is finished by the pseudoeutectic reaction of L ? (c ? boride) and L ? (c ? g), which can absorb Zr and B. When cooled at a rate low enough, most of the residual liquids are consumed by the (c ? c 0) growth due to the sufficient diffusion, and the boride and Zrbearing phase are precipitated at a quasi-equilibrium state. Under this condition, Ti is depleted at the (c ? c 0) growth front. However, the g-Ni 3 Ti phase is formed there occasionally due to the boride precipitation, because the compositions of the two phases are complementary.