The effect of varying electron concentration on the magnetic ordering in the ternary intermetallic compounds DyCo3−xNix, DyFe3−xNix, HoCo3−xNix, HoFe3−xNix, with 0<x<3, has been investigated by saturation magnetization studies. The results show a filling of the Co and Fe bands and also a polarization of the 3dband of nickel. In the case of the Co compounds an additional contribution from the induced moment on cobalt by the rare‐earth exchange field is found to be important.