The magnetic properties of amorphous alloys (Ni
1-cCo
c)
0.78P
0.14B
0.08have been investigated. The samples were prepared by the splat-cooling method. The Curie temperatures have been determined and the magnetization measurements performed for 1.7°K

K and fields up to 70 kOe. Ni
0.78P
0.14B
0.08is paramagnetic, whereas Co
0.78P
0.14B
0.08is ferromagnetic until the crystallization temperature (678°K). The average moment per cobalt atom is

. In (Ni
1-cCo
c)
0.78P
0.14B
0.08the critical concentration for the paramagnetic-ferromagnetic transition is

, this transition occurs in an inhomogeneous way. The saturation magnetization in the whole concentration range can be interpreted (as for some crystallized alloys and compounds) by a local environment model, when a reasonable short range order is assumed. In such a model the magnetic moment per cobalt atom is related merely to the number of its Co first neighbors n
Co. For n
Co=0 and 1 the cobalt atom is not magnetic, for n
Co= 2 and 3 it carries a small moment

and for n
Co> 3 it is magnetic with

as in Co
0.78P
0.14B
0.08; the nickel atoms do not carry a substantial moment in the entire concentration range. These features are comparable to those obtained in some crystalline alloys.