Considerable advances have been achieved in cardiovascular magnetic resonance imaging (MRI) technology, and MRI has become an important noninvasive imaging tool in the management of coronary artery disease. Cardiac MRI can provide information about myocardial perfusion, viability and contractile reserve. The information obtained not only provides diagnostic information but also has an important prognostic value. This article reviews the recent advances in cardiac MRI for evaluation of coronary artery disease. (Anadolu Kardiyol Derg 2008; 8: 1; 38-42)