The best linear fit of H-c(T)/M-s(T) versus 2k(1)(T)/mu(0)M(s)(2)(T) implie
s that H-c is determined by a nucleation process in nanocrystalline two-pha
se magnets. The condition of the grain shapes is improved after adding Hf a
nd Ga, but the surfaces are deteriorated by some precipitates on the bounda
ry. Taking into account the values of alpha, N-eff, the results of transmis
sion electron microscopy (TEM), and Mossbauer spectroscopy, the magnetic fi
eld heat treatment not only induces grain refinement but also causes a unif
orm distribution of the soft and hard phases. Both the remanence and energy
product values are increased by 20-30% for all ribbons after annealing wit
h magnetic field. The magnetic interaction in Nd2Fe14B/Fe3B + alpha Fe-base
d nanocrystalline two-phase magnets is studied using delta M plots in this
paper. It is found that the exchange-coupled interaction is greatly enhance
d in the sample annealed with magnetic heat treatment, especially Nd4Fe76Co
3Hf0.5Ga0.5B16, which achieves the highest energy product (BH)(max) = 15.8
MGOe.