The first set of compact sources observed in the ISOPHOT 170 mu m Serendipi
ty Survey is presented. From the slew data with low (I-100 mu m less than o
r equal to 15 MJy/sr) cirrus background, 115 well-observed sources with a h
igh signal-to-noise ratio in all detector pixels having a galaxy associatio
n were extracted. Of the galaxies with known optical morphologies, the vast
majority are classified as spirals, barred spirals, or irregulars. The 170
mu m fluxes measured from the Serendipity slews have been put on an absolu
te flux level by using calibration sources observed additionally with the p
hotometric mapping mode of ISOPHOT. For all but a few galaxies, the 170 mu
m fluxes are determined for the first time, which represents a significant
increase in the number of galaxies with measured Far-Infrared (FIR) fluxes
beyond the IRAS 100 mu m limit. The 170 mu m fluxes cover the range 2 less
than or similar to F-170 mu m less than or similar to 100 Jy. Formulae for
the integrated FIR fluxes F40-220 mu m and the total infrared fluxes F1-100
0 mu m incorporating the new 170 mu m fluxes are provided. The large fracti
on of sources with a high F-170 mu m/F-100 mu m flux ratio indicates that a
cold (T-Dust less than or similar to 20 K) dust component is present in ma
ny galaxies. The detection of such a cold dust component is crucial for the
determination of the total dust mass in galaxies, and, in cases with a lar
ge F-170 mu m/F-100 mu m flux ratio, increases the dust mass by a significa
nt factor. The typical mass of the coldest dust component is M-Dust = 10(7.
5) (+/- 0.5) M-circle dot, a factor 2-10 larger than that derived from IRAS
fluxes alone. As a consequence, the majority of the derived gas-to-dust ra
tios are much closer to the canonical value of approximate to 160 for the M
ilky Way. By relaxing the selection criteria, it is expected that the Seren
dipity Survey will eventually lead to a catalog of 170 mu m fluxes for 1000
galaxies.