Magnetic measurements were performed on amorphous (Fe, Ni)
80B
20, (Fe, Ni)
80B
19Si
1, and (Fe, Ni)
80P
14B
6alloy ribbons to yield the values of the magnetic moment per transition metal atom at 0 K and the Curie temperature. A close fit to the moment data, obtained by allowing not only the moments on Ni and Fe atoms to vary with Fe concentration

, as revealed by neutron diffraction in crystalline alloys, but also the number of electrons per atom n
pand n
bthat P and B atoms, respectively, donate to the transition metal

bands as described by the relations

and

, suggests a moment of 0 and

per Ni atom in amorphous Ni
80P
14B
6and Ni
80B
20alloys, respectively. The functional dependence of the Curie temperature on

, when followed closely for low Fe concentrations, gives the critical concentration x
cabove which ferromagnetism appears in amorphous Fe
xNi
80-xB
20and Fe
xNi
80-xP
14B
6alloy series as

and 8 at % Fe, respectively. The results of a theory based on coherent-potential approximation have been fitted to the measured values of Curie temperature in order to arrive at the Fe concentration dependence of the exchange interaction (J
NiNi) between Ni-Ni pairs. The physical significance of the variation of J
NiNiwith

obtained thereby has been discussed.