The stability of magnetic flux tubes embedded vertically in a convection zone is investigated. For thin tubes, the dominant instability is of the convective type, i.e. it is driven by buoyancy forces associated with displacements along the tube. The stability is determined by β = 8πP/B2; if β ≤ βc the tube is convectively stable, otherwise it is unstable, where the critical value βc depends on the stratification of the convection zone. For a solar convection zone model, βc = 1.83, corresponding to a magnetic field strength of 1350 G at the surface of the Sun. It is concluded that the flux tubes making up the small scale field of the Sun are probably hydrodynamically stable. In tubes with β > βc, the instability is expected to transform the tube either into a state of vanishing surface field strength (in the case of an upward flow), or one with a field strength higher than the original value (if the instability sets in as a downward flow). Following Parker, we suggest that this effect is related to the concentrated nature of the observed solar fields. © 1979 D. Reidel Publishing Co.