Isothermal heat treatments below the martensite start temperature are carried out in a 0.25C-1.4Mn-1.4Si-0.32Mo steel (in wt%). The microstructural observation reveals a combination of tempered lath and plate martensite, accompanied by bainite and retained austenite. The temperature variation of the austenitic carbon content under different constrained equilibrium models is calculated and compared with experimental measurements. Neither of the existing models seems to predict the behavior of the measured austenitic carbon content in the temperature range studied. The results suggest that the diffusional formation of bainite governs the carbon content of austenite at temperatures nearby the M_S.