Glass forming ability (GFA) and structural characterization of a new amorphous Al-Ni-Sr alloy melt spun were investigated on the theory of the factors for the glass formation. The GFA was varied with the ratio of Ni to Sr in detail and successful amorphous phase dispersed with 2 ～ 5 nm precipitates was prepared from Al-Ni5-Sr3. Thermal stability and crystallization behavior of the amorphous phase were determined by continuous and isothermal heating technique on DCS, resulting that the crystallization occurs by the growth of fcc Al nanocrystals on the preexistent nuclei.