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Results of a study on influence of Cr, Mo and Al on the microstructure, abrasive wear and corrosion resistance of Ni-Mn-Cu cast iron in the as-cast and heat-treated conditions are presented. Because of the chilling effect of first two elements (tendency to create hard spots), graphitising Al was added to the alloys, with the highest concentration of Cr and Mo. All castings in the as-cast condition showed an austenitic matrix, guaranteeing good machinability. Heat treatment of raw castings, consisting in annealing at 500 °C for 4 h, resulted in partial transformation of austenite. As a result the carbon-supersaturated acicular ferrite, morphologically similar to bainitic ferrite was formed. The degree of this transformation increased with increasing concentrations of Cr and Mo, which successively decreased the thermodynamic stability of austenite. A change of matrix structure made it possible to significantly increase hardness and abrasive-wear resistance of castings. The largest increment of hardness and abrasion resistance was demonstrated by the castings with the highest total concentration of Cr and Mo with an addition of 0.4% Al. Introduction of Cr and Mo also resulted in an increase of corrosion resistance. In the heat-treated specimens, increasing the concentration of Cr and Mo resulted in a successive decrease of the depth of corrosion pits, with an increase in their number at the same time. This is very favourable from the viewpoint of corrosion resistance.