An amorphous melt-spun Co-based alloy (Metglas 2705 MN) is investigate
d by Doppler Broadening and Positron Lifetime techniques in order to f
ollow the microstructural changes yielded by isochronal annealings bef
ore crystallization. The results are correlated with those of Differen
tial Scanning Calorimetry and Coercive Field measurements. The quenche
d empty spaces underlined by Lifetime measurements are less than one a
tomic volume in size and migrate without clustering in larger voids. B
oth Positron Annihilation and Coercive Field investigations suggest th
at the overall decrease of free volume related to structural relaxatio
n in this amorphous material, proceeds mainly via compositional short-
range ordering. These local chemical rearrangements which lead to a pa
rtial disorientation of the magnetic moments act as strong pinning poi
nts for Bloch Walls.