Mn
1-x-yAl
xC
yforms for

and

a metastable tetragonal τ-phase which is ferromagnetic. Its unaxial magnetic anisotropy makes it an interesting candidate for permanent magnetic applications. The metastable τ-phase is produced from the high temperature equilibrium ε-phase in two steps; an ordering of the hexagonal ε-phase to the ε\´-phase, followed by a martensitic transformation to τ. It can be obtained either by cooling at a rate of 0.5 K/sec or by quenching and subsequently isothermally annealing between 700 K and 1000 K. At these temperatures the low diffusion rate favours the formation of the intermediate τ-phase rather than a decay into the equilibrium phases β-Mn and γ, since the former requires only small displacements of the atoms. To investigate the kinetics of the occuring transformations we established the time-temperature-transformation diagram of the alloy with the composition Mn
0.538Al
0.446C
0.016. It was homogenized for 2 hours at 1375 K, quenched and subsequently isothermally annealed at temperatures between 700 K and 1000 K for various times. The quantitative phase analysis were performed by means of x-ray diffraction and stereological analysis of the microstructure. The addition of carbon increases the stability of the τ-phase allowing longer annealing times for the formation of single phase samples. The time-temperature-transformation diagram gives the range for appropriate heat treatment and serves as a basis for the search for other alloying elements to further improve the stability of theτ -phase.