The formation and thermal stability of an icosahedral quasicrystalline phas
e in an annealed Zr65Al7.5Ni10Cu12.5Ag5 metallic glass have been investigat
ed by Xray diffraction and transmission electron microscopy analyses. It wa
s found that the quasicrystalline phase can precipitate from the glassy sta
te and the supercooled liquid of the alloy over a wide range of annealing t
emperatures. After optimizing the heat-treatment conditions, the volume fra
ction of the quasicrystalline phase in the alloy can reach as high as about
80%. Investigation of the thermal stability of the quasicrystalline phase
demonstrates that it is very stable when the annealing temperature is below
the glass transformation temperature T-g of the alloy.