The β-phase transforms to α′, α and α" within a range of temperature from the β-transus (Tβ) to about 600°C, considering no external stress is applied. Two types of microstructure were obtained: acicular martensite when rapidly cooled and lamellar α/β when slowly cooled from the β phase field. The sequential transformation of β into α′, α-phase, α2, and α" was revealed as peaks on the coefficient thermal expansion (CTE) curves, however, reversed transformations: α"→β, and α→β, were revealed by the DSC thermograms. The presence of β, α′, α, α2 and α" was identified by means of XRD analysis and HRTEM.