Optical and electron micrography were used to examine the progress of recovery and recrystallization in the (Co-Fe-V) alloy rolled in the initially disordered state and annealed at a range of temperatures, and the results were related to the measurements reported in Part I of this study, The indirect results include a plot of fraction recrystallized at various temperatures against annealing time : unexplained anomalous behaviour was found at the highest temperature. Stacking-faults and antiphase domain boundaries in the recrystallized grains were examined.