Abstract: The discovery of the first amorphous alloy in 1960 made an enormous impact on conventional magnetic materials because of its unique structure and excellent properties.Since then great progress has been made in both basic research and development,and many amorphous magnetic materials have been successfully used in a wide variety of applications.We discuss some of the fundamental problems concerning amorphous state physics and review last developments as well as the current status of production of amorphous soft magnetic materials.