The present paper gives a review of results of recent studies investig
ating the fundamentals of the martensitic and related phase transforma
tions in Ni-Al. For the former case, the emphasis will be on the micro
structure of martensite plates. The latter include the metastable Ni2A
l omega-like and stable Ni5Al3 bainitic phases. These phases will be d
iscussed in view of their atomic structure, nucleation, growth and eff
ect on the martensitic transformation. A separate chapter will deal wi
th precursor effects.