Novel low melting glasses in the MoO3-La2O3-Nd2O3 system were obtained at different cooling rates (102 K/s and 104-105 K/s). Characterization of the amorphous samples was made by differential thermal analysis (DTA) and X-ray absorption fine structure (XAFS) method. According to DTA data of the glass samples, the glass transition temperatures are at 325-330 0C, the crystallization started above 410 0C and the melting temperatures are at 660-720 0C. A structural model of glasses was suggested on the basis of XAFS and IR investigations. It was shown that the predominant structural units in the amorphous network of glasses containing 90 -80 mol% MoO3 are MoO6 groups. The appearance of MoO4 groups deteriorates the glass formation ability.