YCo 2 compound is an exchange-enhanced Pauli paramagnet on the verge of being magnetic. Topological or chemical disorder can induce in it ferromagnetic long-range ordering. The influence of Fe substitution and quenched-in topological disorder on the magnetic properties of YFe 0.03 Co 1.97 and YFeCo is studied. Structural and magnetic properties of these compounds are analyzed by means of X-ray diffraction, vibrating sample magnetometry, Mössbauer spectroscopy and AC magnetic susceptibility measurements. All samples crystallize in cubic MgCu 2 -type phase with lattice constant changing from 7.223 Å for YCo 2 through 7.221 Å for YFe 0.03 Co 1.97 to 7.313 Å for YFeCo. Fe atoms are responsible for stabilization of magnetic moments on Co, and mictomagnetism is observed in YFe 0.03 Co 1.97 sample. Upon further substitution, as in YFeCo, long-range ordering appears. The Mössbauer spectra permitted distinction between two magnetically inequivalent Fe sites, as reported earlier for YFe 2 .