We have studied the structure and magnetic properties of some rapidly quenched and subsequently annealed alloys prepared by centrifugal method with a composition (in wt %) Nd(29.5), Co(6), B(1.1), Ge (x), Fe(balance) with x=0.0, 0.2, 0.4, 0.6, 0.8, 1.0 (wt %) for Ge. Based on X-ray diffraction (XRD), elastic neutron diffraction, and small-angle neutron scattering (SANS), the formation of partially crystallized main hard magnetic 2:14:1 (Φ) phase in the amorphous matrix was detected for all as-spun samples. The size of the clusters formed for the sample with 1 wt % Ge determined based on SANS profiles was about 10 nm. It was shown that the addition of Ge shifts the maximum crystallization peak of the main 2:14:1 phase to higher temperatures. The variation of the magnitudes of different magnetic parameters such as _i H _c and M _s versus Ge concentration for …