External elastic stress applied during the precipitation process of Fe-Ni-Al alloys influences the orientation of elongated precipitates. Compression of the crystal along the

axis makes the orientation of elongated precipitates to this direction unfavorable. When compressive stress is applied along the

axis, the rod-like precipitates are oriented mostly to

axis which is perpendicular to the direction of compression. Uniaxial magnetic anisotropy induced during the thermomechanical treatment (cooling under stress) causes a considerable increase of permanent magnetic properties in comparison with those obtained without stress. The energy product

G.Oe is obtained on a single crystal of alloy free from cobalt.