We have studied the atomic disorder-order transformation occurring around t
he equiatomic composition in Fe-Pt ingots by isothermal annealing at temper
atures well below the face-centered-cubic-face-centered-tetragonal (fcc-fct
) transformation temperature. We have determined the relative amount of the
low-temperature hard-magnetic fct phase precipitated in the high-temperatu
re magnetically soft fcc phase by means of x-ray diffraction. As a function
of annealing time, the particle size and the relative amount of the fct ph
ase increase at the expense of the fcc phase. We have followed these change
s by means of magnetic measurements. The coercivity was found to increase c
ontinuously with annealing time, eventually reaching a maximum. The occurre
nce of remanence enhancement and the continuously changing degree of exchan
ge coupling between the magnetically soft and the hard phase are explained
in terms of the Kneller-Hawig model [E. F. Kneller and R. Hawig, IEEE Trans
. Magn. MAG-27, 3588 (1991)]. (C) 2001 American Institute of Physics.