This paper reports the results of crystallization of bulk metallic glassy sphere of Pd40Ni40P20 (with diameter range from 0.1 to 1.0 mm) under 4GPa pressure. Compared with the result obtained at ambient pressure, the crystallization temperature of the glass increased with pressure at the rate of 15K/GPa. As annealing temperature under pressure closed to the melting temperature of the sample, the single supersaturated solid solution phase with f.c.c. structure was obtained. The same phase was also obtained by annealing a cast Pd40Ni40P20 alloy under high pressure. This result indicates that the new phase is a high pressure phase.