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Excellent magnetocaloric effect with a maximum entropy change and refrigeration capacity of 17.6 J.kg-1.K-1 and 546 J.kg-1,respectively,has been discovered in the Er60Al18 Co22 bulk metallic glass under the fleld of 50 kOe in the temperature range of helium liquefaction.This MCE results from the second-order magnetic transition from the paramagnetic to the ferromagnetic state.Our analysis based on mean-field theory suggests that the excellent MCE is attributed to the strong exchange of magnetic moment in the glassy structure.