The microstructure characterization of Al73Mn23Pd4 and Al73Mn21Pd6 alloys was done after annealing at 900°C for 312 h and subsequent water quenching, as well as after thermal cycling. DTA and EDX/WDX/SEM techniques were used in the investigation. It was found out that the alloys consist of the single ternary T-phase after annealing and water quenching. The DTA experiment confirmed the stability of this phase also at lower temperatures. After DTA, the alloys exhibited double-phase microstructure consisting of the ternary T-phase and probably the icosahedral I-phase. It was proved an incongruent transformation of the ternary T-phase into the liquid and vice versa.