The mechanism of annealing embrittlement of Al88Ce2Ni9Fe1 metallic glass is studied by using SAXS. For this alloy the activation energy for embrittlement,E b=(160±10) kJ·mol−1 is obtained. It approaches the value of the activation energy for crystallization,E c=(170±10) kJ·mol−1. The significant change in SAXS intensity is observed as the sample transformed from the ductile to the brittle state. About 0.1 volume fraction of Al crystalline particle and 60 m2/cm3 of specific inner surface between crystalline and amorphous phase appear as the sample transformed from the ductile to the brittle state. The annealing embrittlement is caused by crystallization of this alloy.