We study the first and second variations of isotropic submanifolds whi
ch preserve the isotropy. In order to do so, we introduce the notions
of harmonic, exact and isotropic variations and investigate basic prop
erties of isotropic submanifolds which are minimal under such deformat
ions. Many results in this respect are then obtained. In particular, w
e obtain a new characterization of Maslov class in terms of such defor
mations.