The α-Fe/R2Fe14B-type exchange-coupled NdFeB nanocomposites with a coercivity (iHc) of more than 11 kOe and energy product, (BH)max, of more than 16 MGOe have been successfully obtained on melt spun (Nd0.95La0.05)7.5+xFebalCr2B10 alloy powders, where x ranged from 3 to 3.5. It was found that a slight substitution of Cr for Fe suppresses the formation of the R2Fe23B3 and Fe3B phases during crystallization and results in the formation of an α-Fe/R2Fe14B mixture. Increasing the total rare earth content was found to enhance the remanence, and the iHc of (Nd0.95La0.05)7.5+xFe80.5−xCr2B10 ribbons was also increased drastically with increasing values of x. A Br of 9.2–9.7 kG, iHc of 11.1–13.2 kOe, and (BH)max of 16.5–18.0 MGOe have been obtained on (Nd0.95La0.05)7.5+xFe80.5−xCr2B10 (x = 3–3.5). © 1998 American Institute of Physics.