Multi-component alloy ribbons with a composition of Fe 74 Co-3 Si 8 B 10 Al 1 Nb 4 were prepared by a single roller melt-spinning method. The alloy had a fully amorphous structure, as determined by X-ray diffraction. The alloy ribbons were annealed for 10 min at temperatures of 350, 400, 450, 500, 550 and 600 o C, respectively. Differential scanning calorimetry curves indicated that the glass transition temperature (T g) and the supercooled liquid range (ΔT x) of the amorphous alloy ribbon were about 494 o C and 43 o C, respectively. The ribbons showed soft magnetic properties, with a Curie temperature (T c) at 284 o C, high saturation magnetization (M s) of 1.18 T, and coercive force (Hc) of 33.66 A/m. In the present study, both saturation magnetization and coercive force of amorphous alloy ribbons increased with increasing the annealing temperature, due to precipitations and growth of α-Fe phase nanocrystals in the amorphous matrix. On the other hand, it was found that the coercive force of alloy ribbons reduced as a consequence of precipitations of Nb 3 Si phase if the annealing temperature reached 600 o C.