The present invention provides a method for the preparation of high liquid oil margarine in the form of a water-in-oil emulsion wherein selected phospholipids (for example, PC, PE and lyso-PC/PE) play an important role in stabilizing the margarine. The total fat content of said high liquid oil margarine is made up of a minimum of about 96% liquid oil and a maximum of about 4% added hard fat and phospholipids. The method comprises preparing a water-in-oil emulsion by blending an aqueous phase with oil phase at a temperature above the crystallization temperature of the added hard fat and reducing said temperature until hard fat crystallization occurs, and supercooling in heat exchanger to obtain a high liquid oil margarine. The method of the invention uses selected phospholipids and the use of heat exchanger "votator" for fat crystal nucleation and provides a margarine comprising very low levels of saturated fats and virtually no trans fatty acids.