The authors investigate the shape memory effect (SME) and microstructure evolution of the Fe-25Mn, Fe-25Mn-6Co, and Fe-25Mn-6Si alloys before and after deformation at room temperature (RT) through ex situ optical observation. After deformation, the stress-induced reverse transformation of thermal e martensite, an unrecovered deformation mode, can be easily observed in the Fe-25Mn and Fe-25Mn-6Co alloys, but it can be hardly observed in the Fe-25Mn-6Si alloy. The lower values of chemical driving force for e ! g transformation at RT lead to the occurrence of the stress-induced reverse transformation of thermal e martensite and the poorer SME in the Fe-Mn and Fe-Mn-Co alloys than in the Fe-Mn-Si alloy.