Simulations using the Forward Flux Sampling method have shown a nonmonotonic dependence of the homogeneous nucleation rate on the shear rate for a sheared two dimensional Ising model [R. J. Allen et al, arXiv:cond-mat/0805.3029]. For quasi-equilibrium systems (i.e. in the absence of shear), Classical Nucleation Theory (CNT) predicts the dependence of the critical cluster size and the nucleation rate on the external magnetic field. We investigate the behaviour of the sheared Ising model as a function of the external field. At low external field strength, the same nonmonotonic behaviour holds and the peak in the nucleation rate is remarkably insensitive to the field strength. This suggests that the same external field-dependence holds for the enhancement of nucleation by shear at low shear rates and the suppression of shear at high shear rates. At high field strength, the nucleation behaviour is qualitatively different. We also analyse the size and shape of the largest cluster in the transition state configurations, as a function of the external field. In the sheared system, the transition state cluster becomes larger and more elongated as the field strength decreases. We compare our results for the sheared system to the predictions of the CNT for the quasiequilibrium case, and find that the CNT cannot easily be used to describe nucleation in the system under shear.Nucleation in driven systems is a widespread and important phenomenon that remains poorly understood. For "quasi-equilibrium" systems, in the absence of external driving, Classical Nucleation Theory (CNT) predicts the dependence of the nucleation rate and the critical cluster size on the degree of supersaturation and the interfacial tension of the growing cluster, for moderate values of the supersaturation. No such simple theoretical description is available for nucleation in driven systems. In this paper, we consider nucleation in a system under shear. In experimental sheared systems, nucleation is likely to be affected by a wide range of factors including transport of particles to the growing cluster, changes in cluster shape, shear-induced ordering of the cluster, polydispersity and shear-induced cluster breakup. Intuition suggests that nucleation will be suppressed for high enough shear rates. At low shear rates, some simulations and experiments have observed suppression of nucleation, 1)-3) while others have suggested that nucleation may be enhanced by the shear. 4)-7)In a recent paper, we studied nucleation in a sheared two-dimensional Ising model, for a fixed value of the external magnetic field. 8) Although this is a highly simplified model system, it nevertheless shows a nonmonotonic dependence of the nucleation rate as a function of the shear rate. The nucleation rate increases, apparently linearly, with the shear rate for weak shear, achieves a peak for shear ratė γ max , and decreases nonlinearly as the shear rate is further increased. These results were obtained using the Forward Flux Sampling rare event simulation method. 9)-11) typeset us...