High solid-solubility Co15Cu35 alloys have been prepared by melt spinning and submitted to isothermal and anisothermal annealing to obtain granular alloys.The X-ray diffraction(XRD) patterns were measured to invesugate the decomposition of supersaturated solid solution induced by annealing.The atomic diffusion and structural evolution during the heat treatment were investigated.In view of the problems limiting their appllcation.the high-field magneazation curves were measured.By a fit to the high-field magnetization curves,the granuiar alloys are found hard to be magnetically saturated at the early stage of nucleation and growth.The magnetization behavior was correlaced to the annealed-induced structureal evolution and also to the magnetoresistance effect.