Thd specimens were melited in high frequency induction furnace. The samples for measurements were prepared by machining cylinder of 9.5mm diameter and 15mm height. These samples were then hot-pressed according to strain rate ( .epsilon. ). These samples were decanned and cut out, and subsequently heat treated at 1000 .deg. C for 4hours. These were investigated for the change of microstructure, domain pattern, X-ray diffraction and magnetic properties. The stress distributions in the specimens during compressing process were calculated by a finite element method program(SPID). The calculated stresses were effective stress( .sigma. $_{eff}$), compressive direction stress( .sigma. $_{z}$), and shear stress( .tau. $_{rz}$ ). These stresses were compared with the experimental data.a.a.