The structure of Al(3)Zr precipitates in Al-1.0Mg-0.6Si-0.5Zr (in wt.%) alloy was investigated using conventional transmission electron microscopy (TEM) and high-resolution TEM (HREM). After annealing of the alloy in the temperature range 450-540 degrees C, spherical precipitates of metastable L1(2)-Al(3)Zr phase appeared nearly homogeneously within the matrix, and elongated particles were found at grain boundaries. L1(2)-structured Al(3)Zr were about 20-30 nm in diameter and coherent with the matrix. Inside some of them, planar faults parallel to {100} planes were revealed by use of HREM. Most probably, these faults are an indication of the transition stage of transformation to the stable D0(23)-type Al(3)Zr phase. The elongated precipitates (about 100 nm) were identified as D0(22)-type Al(3)Zr. Energy-dispersive X-ray analysis showed that they contain, apart from Al, mainly Zr with small amounts of Si. The substitution of Al by Si increased the stability of the D0(22)-Al(3)Zr as compared with D0(23)-Al(3)Zr.