Two shape memory Cu-Al-Ni alloys, a polycrystal and a single crystal, exhibiting a martensitic transformation close to 130 °C (in the as-quenched state) have been studied. Specimens have been quenched after heat treatment at 850 °C. The structural evolutions of the high temperature phase (austenite) have been studied for thermal treatments performed below 200 °C. Investigations have been carried out using electrical resistivity measurements, TEM (Transmission Electron Microscopy) observations and X-ray diffraction analysis. The main structural modifications are observed in the polycrystalline alloy and concern first, the reordering process of the austenite structure (B2 $\to$
L21), and second, the precipitationof the (Cu9Al4) γ 2 phase. In the single crystal alloy, the evolutions are veryslight and localized on the structural defects. Particular attention is paid to the role ofthe quenched-in vacancy elimination on the observed mechanisms. In addition, the incidenceof the structural evolution on the transformation temperatures is also discussed.