Dynamic magnetostrictive properties have been measured for nickel‐base alloys containing up to 10% cobalt, with from 0 to 6% chromium. The maximum value of electromechanical coupling coefficient 0.51 occurs in a binary alloy containing 4.5% cobalt, balance nickel, for which the magnetocrystalline‐anisotropy constant is zero. The maximum value of potential electroacoustic efficiency for resonance frequencies below 100 kc/sec is found, however, in a ternary alloy containing 1.4% cobalt, 2.3% chromium, balance nickel.It is concluded that the binary alloy is the most suitable material for the magnetostrictive element of receivers, such as hydrophones, particularly where a reasonably flat response is sought. The ternary alloy, because of its lower eddy‐current losses, is to be preferred for generating high‐frequency acoustic power.