EN
The electronic structure of the Ni_{2}MnGa Heusler alloy has been investigated for martensitic transformation β_{1} → β'_{1} → β"_{1} → β'''_{1} by the self-consistent TB-LMTO method. The distortion influences the shape of the densities of states. The β_{1} is the most stable phase. We present the values of total and local magnetic moments for all phases of Ni_{2}MnGa alloy.