ThemixturemodelofAl85Y4Nd4Ni7alloyinwhichapartiallycrystallizedamorphousalloyisregardedasananocompositeofanAlnanoparticleandaremainingamorphousmatrixispresented.Itsevolutionintheprocessofcrystallizationhasbeeninvestigatedbydifferentialscanningcalorimetry(DSC),X-raydiffraction(XRD),andtransmissionelectronmicroscopy(TEM).Mainlyamorphousstructurewithα-Alnanocrystalsembeddedintheamorphousmatrixhasbeenrevealedbymeltspiningthealloy.Crystallizationisshowedtooccurinthreestages:(1)crystallizationofamorphousalloyandformationofAlNiY,AlNdNiandunknowncrystallinephases,(2)formationofAl3YandAl3Nd,and(3)formationofAl3Ni.