Magnons and phonons in Ni2MnGa were investigated with neutron spectros
copy. The alloy shows a martensitic phase transition from a cubic high
-temperature phase to a tetragonal one within the ferromagnetic state,
about 80 K below the Curie temperature. The spin waves show no anisot
ropy in the low-energy range. The corresponding magnetic exchange stif
fness constant is 108 +/- 10 meV Angstrom(2). The TA(2)-phonon branch
shows a strong but incomplete softening at xi similar to 1/3 when the
temperature approaches the martensitic phase transition temperature.