The mechanical behavior of metastable austenitic stainless steels is strongly influenced by the strain induced phase transformation of austenite into martensite. The phase transformation rate is significantly affected by the strain rate and by the adiabatic heating at higher strain rates. Uncoupling of the effects of strain rate and adiabatic heating can lead to a better understanding of the strain-induced martensitic transformation and allow more accurate material modeling. This paper presents a preliminary analysis of the effects of adiabatic heating during a tensile test. The adiabatic heating as a function of strain was calculated from the stress-strain curves obtained in adiabatic conditions. Then the tensile tests were carried out at a lower strain rate while continuously heating the specimen at the same rate as obtained in the adiabatic conditions. With this method, the thermal conditions of the adiabatic tests were reproduced in the low rate conditions, which would normally be isothermal without the external heating. The martensite fraction was evaluated using the magnetic balance method. In this paper, we present a detailed description of the experimental procedure and discuss the observed changes in the mechanical behavior and microstructure of the studied steel.