We present a mode-coupling theory which describes the morphology and k
inetics of the nucleation of twinned martensite droplets within a pare
nt crystal. This involves a ''slow'' vacancy field that Lives at the p
arent-product interface. Our theory suggests that a slow quench from t
he parent phase produces an equilibrium product, while a fast quench p
roduces a metastable martensite. In two dimensions, the martensite nuc
lei grow as strips having alternating twin domains, with well-defined
front velocities. Several empirically known structural and kinetic rel
ations drop out naturally from our theory.