Microstructures and magnetic properties of Fe84Nb7B9,Fe80Ti8B 12 and Fe32Ni36（Nb/V）7Si8B17 powders and their bulk alloys prepared by mechanical alloying（MA） method and hot-press sintering were studied. The results show that: 1) After MA for 20 h,nanocrystalline bcc singl e phase supersaturated solid solution forms in Fe84-Nb7B9 and Fe8 0Ti8B12 alloys,amorphous structure forms in Fe32Ni36Nb7 Si8B17 alloy,duplex microstructure composed of nanocrystalline γ- （FeNi） supersaturated solid solution and trace content of Fe2B phase forms in Fe32Ni36-V7Si8B17 alloy. 2) The decomposition process of supersaturated solid solution phases in Fe84Nb7B9 and Fe80Ti8B 12 alloys happens at 710780 ℃,crystallization reaction in Fe （32）Ni36Nb7Si8B17 alloy happens at 530 ℃（the temperature of peak value） and residual amorphous crystallized further happens at 760 ℃ （the temperature of peak value）,phase decomposition process of supersaturated solid solution at 780 ℃ （the temperature of peak value） and crystallization reaction at 431 ℃ （the temperature of peak value） happens in Fe32Ni36V7S i8B17 alloy. 3) under 900 ℃,30 MPa,（0.5 h） hot-press sintering conditions,bulk alloys with high relative density（94.7%95.8%） can be ob tained. Except that the grain size of Fe84Nb7B9 bulk alloy is large,s uperfine grains （grain size 50200 nm） are obtained in other alloys. Exc ept that single phase microstructure is obtained in Fe80Ti8B12 bul k alloy,multi-phase microstructures are obtained in other alloys. 4) The magne tic properties of Fe80Ti8B12bulk alloy（Bs=1.74 T,Hc= 4.35 kA/m） are significantly superior to those of other bulk alloys,which is r elated to the different phases of nanocrystalline or amorphous powder formed dur ing hot-press sintering process and grain size.
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