We present a detailed study of an electric-field induced phase transition of a single layer of Fe on a Ni(111) substrate. Scanning tunneling microscopy at 4 K substrate temperature is used to provide the necessary electric field and to follow the transition from face-centered cubic to hexagonal closepacked stacking with atomic resolution.The concept of electric-field induced switching of magnetic metallic nanosystems is of particular interest in the view of potential applications in data storage devices and led to a tremendous increase of research activities during the last few years 1-5 . In the case of 2 ML Fe islands on Cu(111), it has been shown that a martensitic phase transition between ferromagnetic body-centered cubic(bcc) and antiferromagnetic facecentered cubic (fcc) phases is induced upon application of high electric fields. Herein, the coexistence of two different crystallographic phases and the complex magnetic order are closely interwoven 3,6 . Considering the interatomic distances between nearest neighbors d nn and the resulting lattice mismatch, a Ni (111)