In this work, we have investigated the microstructural evolutions and the phase transformations of a new near-beta alloy with a nominal composition of Ti-5.5Al-5V-5Mo-2.4Cr-0.75Fe-0.15O (weight percent), the TIMETAL 18 [here after called Ti-18]. The complete microstructural state of the Ti-18 during heat treatments, from as quenched metastable state, has been first investigated. The phase transformations have been studied by combination of X-ray diffraction analysis, metallurgical observations and electrical resistivity measurements. From a series of isothermal treatments, the first complete TTT diagram has been then established displaying three C-curves corresponding to different precipitation domains for alpha phase.