The decay of 176Tm has been studied by means of Ge(Li) detectors and some gamma-gamma as well as gamma-beta coincidence arrangements. For the half-life of 176Tm a value of 1.9±0.1 min was measured. A total of 31 gamma rays were assigned to the decay of 176Tm. According to the proposed level scheme these depopulate 19 levels in 176Yb, of which those at 977, 1 360, 1 599, 1 673, 2 142, 2 372, 2 411, 2 954 and 3 188 keV are new. Spin and parity assignments are suggested for some of these levels and for the ground state of 176Tm. In addition, four gamma transitions possibly belonging to an isomer in 176Tm were found with energies 116.3, 122.3, 193.6 and 199.0 keV and with half-life 1.4±0.1 min. Also the decay of 176mYb has been reinvestigated the results obtained being consistent with the previous data.