The goal of the study was to determine the critical concentrations of Al, Cr and Ni, at which the quaternary Fe-Cr-Al-Ni model alloys, exposed to oxygen-containing molten Pb up to 600°C, are corrosion resistant, while preserving the austenite structure of the alloy matrix. Twelve alloys were designed to meet the above mentioned requirements; six of them showed corrosion resistance and preserved the austenite phase in the alloy bulk, during the exposure at 550°C and 600°C for 1000 hours to molten Pb containing 10-6 wt.% oxygen. Based on experimental results a general formula was substantiated as follows: Fe-(20-29)Ni-(15.2-16.5)Cr-(2.3-4.3)Al (wt.%). In case of temperatures below 550°C, the critical Cr content was 14.4 wt.%. Two corundum-type crystalline structures were identified as the constituent phases of the passivating scales, one being Cr2O3 and the other Al2O3-Cr2O3 solid solution. The average amount of Cr2O3 in the Al2O3-Cr2O3 solid solution, found in the passivating scales of the Fe-Cr-Al-Ni model alloys, was estimated at ≈ 40 wt.% at 550°C and ≈ 35 wt.% at 600°C. A transitional layer, consisting of Fe-and Ni-enriched austenitic matrix and exhibiting randomly distributed intermetallic B2-(Ni,Fe)Al, was formed below the oxide scale up to a depth of two microns. The austenite, as matrix, and Ni3(Al,Fe) as precipitates are the microstructural phases of the bulk alloys after exposure for 1000h at 600°C to oxygen-containing molten Pb.