Fundamental characteristics of giant magnetostrictive alloy $Terfenol-D(Tb_{0.3}Dy_{0.7}Fe_{1.9~1.95})$ are rreasured and discussed on the application for actuators. The magnetostriction is measured by laser displacement rreasuring system and the applied compressive stress is measured by load cell. Magnetostrictions increased as the applied compressive stresses increased. When the stress is 7 MPa, the magnetostriction is 1000 ppm at 1500 Oe. As the stresses iocreased from 0 to 14 MPa, the magnetic fields for saturating the magnetostriction also increased. The temperature increased during the experiment is $0.3^{circ}C$, so the thermal expansion is negligible in these experirrents. The feedback or temperature control function should be added for the precise position control actuator.