The aim of this work was to determine TTT diagrams of two mediumcarbon V microalloyed steels V-N (0.256%C, 0.0235%N, 0%Ti) and Ti-V-N (0.309%C, 0.221%N, 0.011%Ti ). The isothermal treatment was carried out at 350, 400, 450, 500, 550 and 600 ο C. These treatments were interrupted at different times in order to analyze the evolution of the microstructure.Isothermal decomposition of medium carbon vanadium microalloyed austenite was evaluated by optical and SEM metallography.In the first step, austenite grain size is establish in temperature range 850-1150 °C. Ti bearing steel exibits lower grain size at high temperatures. This effect is attributed to pinning effect of TiN particless. Nevertheless, temperature of 1100°C provided grain size very simillar to 60μm, value suggested as optimal for intragranular nucleation and formation of acicular ferrite.Isothermal treatment enabled plotting the TTT diagrams. In both diagrams, equal transformations are observed. Influence of Ti addition is not very clear; it is assumed that increased level on carbon has covered expected influence on intragranular nucleation. Four curves are found to be relevant for austenite decomposition in medium carbon Vmicroalloyed steels:(1) Grain boundary ferrite is the first phase to be generated at all temepratures. In the lower temperature range the widmanstetten ferrite is formed, while on higher temperatures grain boundary allotriomorphs are produced. This difference is attributed to displacive nature of transformation at lower and diffusional transformation at higher temperatures.(2) Second curve is related to nucleation of Intragranular ferrite (IGF). In the lower temperature range (350-400°C ) acicular ferrite plates are grouped in sheaves; at intermediate temperatures (450-500°C), a more interlocked microstructure of acicular ferrite was clearly observed, while microstructure generated at high temperatures (550-600°C) is characterized by polygonal idiomorphic ferrite.(3) Third curve is related to onset of pearlite. It occurs at temperatures ≥ 500°C, followed by an incomplete reaction phenomenon.vi (4) The transition between an acicular ferrite sheaf morphology and interlocked microstructure is observed to take place at 400/450°C. However the bainitic sheaves are frequently observed when the isothermal transformation time is increased at 400°C and temperature diminishes to 350°C.Finish of transformation was clearly observed at temperatures below 500°C. However at 550and 600°C, incomplete reaction phenomenon occurs. This behaviour is attributed to carbon enrichment in austenite and decrease of driving force for austenite decomposition.Martensite start temperature is established to be 320°C and 330°C for Ti-V-N and V-N steels respectively. Slightly lower Ms temperature of Ti-V-N steel is attributed to higher content of carbon and Ti, elements that increase hardenability.The lower yield stress for Ti-free steel (V-N) compared with titanium -containig steels (Ti-V-N) is attributed to lower carbon content compared with titanium-containing steel...