Abstract: A precision permanent position magnet assembly for use with a magnetostrictive linear displacement transducer having a magnetostrictive waveguide to provide an enhanced return signal is disclosed. The North-South axes of the magnet assembly are perpendicular to the waveguide center line axis and preferably includes three bar-type permanent magnets in a side by side alternating polarity configuration spaced apart with the pole spacing being one-half the wavelength of the return signal imposed on the waveguide. Three sets of such magnets may be radially disposed at 120 degree increments in a non-magnetic carrier.