Some of the olivine cumulates of the Ultramafic zone of the Stillwater Complex, Montana, are progressively altered to serpentine minerals and thompsonite. Lizardite and chrysotile developed in the cumulus olivine and postcumulus pyroxenes; thompsonite developed in postcumulus plagioclase. The detailed mineralogy, petrology, and chemistry indicate that olivine and plagioclase react to form the alteration products, except for H2O, without changes in the bulk composition of the rocks.