Since amorphous alloys have been known to have better mechanical and chemical properties than crystalline alloys of the same composition, a great number of studies on the formation of Al-based amorphous alloys have been carried out actively. However, little has been obtained about the effect of Rare-Earth metal and Transition metal addition on amorphous phase formed by melt spinning method. This study included fabrication of amorphous alloy $Al_{85}Ce_5Ni_{10}$ by melt spinning methods and DTA, XRD, TEM analysis to determine crystalization behavoir. Annealing treatments were carried out in Ar atmosphere under isothermal and nonisothermal conditions. The diffraction pattern of non-heated ribbons showed broad form characteristic of glass metallic alloy. The crystallization of amorphous $Al_{85}Ce_5Ni_{10}$ takes place eutedtoidly by homogeneous formation of Al and MS-1, followed by precipitation of the $Al_{11}Ce_3$ and later $MS-1{ ightarrow}Al_3Ni$ transformation.