Rapidly solidified ferromagnetic shape memory Fe-29.6 at% Pd alloy was fabr
icated to develop a new type of actuator material responded to magnetic fie
ld. The thin ribbon samples which were made by the originally designed elec
tromagnetically controlled nozzleless melt-spinning method showed stronger
crystal anisotropy and larger shape memory effect. Magnetostriction increas
ed with increasing magnetic field and its value changed with increasing tem
perature up to about 1800 microstrain at an applied magnetic field, H = 8.0
x 10(5) A/m (=10 kOe), at just below the inverse phase transformation temp
erature (A(s)). This phenomenon may be caused by the re-arrangements of the
activated martensitic twin variants due to applying magnetic field. The de
pendencies of shape memory effect and giant magnetostriction on metallurgic
al microstructures are discussed from the viewpoint of the crystal anisotro
py and the grain boundary character distribution.