The Cu 68.5 Ni 12 P 19.5 alloy was cast into the ribbons using melt spinning (23m/s). The amorphous ribbon in the as-cast state was investigated by differential thermal analysis (DTA), dynamic mechanical analysis (DMA), resistivity measurements and X-ray diffraction ‘in situ’ at different temperatures. The work presents attempts to find correlation between the changes of the mechanical properties presented by DMA cycles and during the other tests. The measurements of the relative resistivity R/R 0 versus temperature for repeated heating and cooling cycles to different temperatures show changes of the temperature coefficient of resistivity (TCR) indicating reversible and irreversible transformations in the studied alloy.