The Zr60Al7.5Cu17.5Ni10Si4 B1 (numbers indicate at.%) amorphous alloy was selected for an investigation of its crystallization kinetics and thermal stability because of its high activation energy of 370 kJ/mol for crystallization and its extended incubation time during isothermal annealing in the supercooled temperature region. The crystallization behavior and microstructure development during isothermal annealing were examined by isothermal differential scanning calorimetry, X-ray diffractometry and transmission electron microscopy (TEM). When annealing the Zr60Al7.5Cu17.5Ni10Si4 B1 alloy isothermally at 714 K, Zr2Cu crystals with average size about 5 nm were first observed at the early stage of 1% crystallization by TEM. The Zr2Cu crystal size increases with annealing time, then reaches an average size of about 25 nm at the stage of 72% crystallization. In addition, the grain growth time as a function of the cube of particle size of the Zr2Cu type crystalline phases presented a good linear relationship. This indicates that the crystal growth of the Zr60Al7.5Cu17.5Ni10Si4 B1 alloy is a thermally activated process. The activation energy for growth of Zr2Cu particles in the Zr60Al7.5 Cu17.5Ni10Si4B1 amorphous alloy is found to be 210 ± 25 kJ/mol. The lower activation energy of crystal growth during crystallization in comparison with 440 kJ/mol for crystallization in Zr65Cu35 corresponds to the rearrangement of other smaller atoms in the glass, such as Al or Si (compare to Zr).