Rapid solidification of CuFe10 alloys was carried out by melt spinning at three wheel speeds 4, 12 and 36 m/s. The microstructure and solidification behavior of the ribbons was investigated by scanning electron microscopy (SEM). The results showed that the ribbons generally have a microstructure consisting of a fine dispersion of a Fe-rich phase in a Cu-rich matrix, and that the morphology and size of the Fe-rich phase vary with the wheel speed. For lower wheel speeds, the Fe-rich phase shows dual morphologies, dendrites and spheroids. The Fe-rich spheroids show a wide distribution of size, and have a larger mean size on the free surface than on the wheel surface. Some Fe-rich dendrites are distributed around the Fe-rich spheroids, this means liquid phase separation occurred during rapid solidification. The Fe-rich phase shows one morphology-spheroids and the size of Fe-rich spheroids decreasing as the wheel speed increasing. The results were discussed with respect to the formation of the Fe-rich spheroids during rapid solidification. The microhardness of the ribbons increasing with the increasing of the wheel speed for the grain refining and the increasing of supersaturated solid solution.