Ultrasonic cutting is a technique that can improve machinability such as fine surface, reduce tool worn out and etc. To improve processing speed of ultrasonic cutting is difficult due to the effects of tool oscillation are invalidated when cutting speed exceeds maximum tool oscillating velocity. In previous report, high speed principal direction ultrasonic turning experiments for stainless steel were carried out to improve processing speed and products quality. In ultrasonic turning, tool worn out and built up edge generation were reduced compare with ordinary turning. In this study, the effects of tool oscillating direction and tool chip shape for cutting properties of soft magnetic stainless steel were investigated. Cutting properties such as turned surface roughness, cutting force and ejected chip were compared.