Two as-cast HP 40 alloys provided by different manufacturers were aged at 1000 °C under laboratory air. They had the same as-cast microstructure consisting of austenite dendrites delineated by a network of eutectic Nb-rich MC and Cr-rich M 7 C 3 carbides. After aging for several months, they showed similar microstructures in the bulk materials, though M 7 C 3 carbides have been replaced by M 23 C 6 carbides. As expected, a sub-surface zone depleted in chromium has appeared where a tetragonal CrNbC could be identified in both materials. However, the composition of the transition zones between the surface and the bulk materials differed, mainly because one of the materials underwent significant nitrogen pick-up with associated precipitation of M 6 (C,N) and M 2 (C,N) phases. On the contrary, the other alloy did show only one intermediate zone with a mix of CrNbC, M 23 C 6 and MC carbides. A full account of the microstructures observed in the aged materials is given.