Ti50.6Pd30Ni19.4 and Ti51Pd28Ni21 (Ce) alloys have been prepared under various temperatures for long time annealing. Differential scanning calorimetery (DSC), X-ray diffraction (XRD) and tensile test were employed to investigate the phase transformation behavior and superelasticity of the alloys. It has been found that the phase transformation temperature of Ti50.6Pd30Ni19.4 is about 40C higher than that of Ti51Pd28Ni21(Ce), and do not change much with different annealed temperature. Obvious superelasticity is retained in Ti50.6Pd30Ni19.4 alloy annealed at 400C for 18 h, and annealing at higher temperature shows a deterioration of this property. The Ce addition in TisiPd28Ni2i alloy significantly delays recrystallization, increases yied strength and elastic modulus, but the superelasticity is poor. Differential scanning calorimetery (DSC), X-ray diffraction (XRD) and tensile test were employed to investigate the phase transformation behavior and superelasticity of the alloys. It has been found that the phase transformation temperature of Ti50.6Pd30Ni19.4 is about 40C higher than that of Ti51Pd28Ni21 (Ce), and do not change much with different annealed temperatures. Obvious superelasticity is retained in Ti50.6Pd30Ni19.4 alloy annealed at 400C for 18 h, and annealing at higher temperature shows a deterioration of this property. The Ce addition in TisiPd28Ni2i alloy significantly delays recrystallization, increases yied strength and elastic modulus, but the superelasticity is poor.