The magnetic properties of Nd-Fe-B alloys of containing 4 at.% Nd have been studied for the development of new type rare-earth magnets. The amorphous phase of a melt-spun $Nd_{4}Fe_{85.5}B_{10.5}$ alloy is transformed into the phases which have a small amount of $Nd_{2}Fe_{14}B_{1}$ in ${alpha}-Fe$ matrix by annealing above their crystallization temperature. The addition of Mo, Nb, V or Cu to $Nd_{4}Fe_{85.5}B_{10.5}$ alloy results in the reduction of grain size and the sub¬sequent improvement of the coercivity. The coercivity of $Nd_{4}Fe_{82}B_{10}M_{3}Cu_{1}$(M = Mo, Nb, V) alloys increases in the order of M = V < Nb < Mo and shows the highest value of 2.7 kOe when M = Mo. On the other hand, the rem¬anence of these alloys shows the opposite trend and the rn>st improved value of 1.35 T is observed when M = V.