Strength distributions for isoscalar giant resonances with multipolarity L ≤2 have been determined in 24 Mg from "instrumental background-free" inelastic scattering of 386-MeV α particles at extremely forward angles, including 0• . The isoscalar E0, E1, and E2 strengths are observed to be 57±7%, 111.1 +10.9 −7.2 %, and 148.6±7.3%, respectively, of their energy-weighted sum rules in the excitation energy range of 6 to 35 MeV. The isoscalar giant monopole (ISGMR) and quadrupole (ISGQR) resonances exhibit a prominent K-splitting which is consistent with microscopic theory for a prolate-deformed ground state of 24 Mg. For the ISGQR it is due to splitting of the three K components, whereas for the ISGMR it is due to its coupling to the K=0 component of the ISGQR. Deformation effects on the isoscalar giant dipole resonance are less pronounced, however.