When carbide grains in a metal matrix are very small (less than -1 mum), the microstructure is difficult to observe and characterize, because the grain interfaces cannot be distinguished easily via scanning electron microscopy (SEM) when the material is etched conventionally in a Murakami solution or in H2O-diluted HCl. This difficulty can be overcome by etching in a newly developed etchant: 90H(2)O(2)-10HNO(3) (by vol%), After an etching of a WC-Co sample that contained submicrometer-sized grains, the individual grains were distinctly observable via SEM, During the etching, the dissolution rates of WC grains were different, depending on their crystallographic plane, which allowed the grain boundaries to be distinguished through observation via SEM, In addition, dissolution of the cobalt matrix occurred much faster than did the etching of the WC grains. The WC/Co interface also was revealed clearly under high magnification, because of minimization of the electromagnetic interaction between the cobalt and the electron beam of the SEM apparatus.