Fe-Mn-Si based alloy, one of the shape memory material has slight magn
etization in addition to shape memory effect (SME). We tried to improv
e the magnetization on the ribbon specimen produced by rapid quench me
thod. Though the magnetization curve shows only slight magnetization a
s cast, it has clear SME and this worked at lower shape recovery tempe
rature than the sheet type specimen. By contrast, after annealing in a
ir at 600 degrees C the magnetization increases markedly while the rib
bon becomes hard and fragile. We recognized that the oxidation on the
surface brought by annealing caused the increase of magnetization. In
order to be compatible both of the magnetization and SME we prepared 0
.5 mm thick sheet. Oxidation by annealing was applied only on the surf
ace and then the specimen was found to have both properties.