Coercivity is improved, while remanence is decreased for the annealed ribbons with the increase of rare earth content, the coercivity for ribbons reaches 955 kA/m upon 10at% in rare earth content and 12 m/s in wheel speed. Wheel speed almost has no effect on magnetic properties of ribbons with 9,5at% in rare earth. The amorphous formation ability and thermal stability are improved for as-spun ribbons upon Dy or Pr substitution for Nd element. Coercivity and Curie temperature are improved and remanence is decreased slightly for ribbons upon Dy substitution for Nd element. But for ribbons with Pr substitution for Nd element, both of coercivity and remanence are increased slightly .