  We consider the behavior of an Ising ferromagnet obeying the Glauber dynamics
under the influence of a fast switching, random external field. Analytic
results for the stationary state are presented in mean-field approximation,
exhibiting a novel type of first order phase transition related to dynamic
freezing. Monte Carlo simulations performed on a quadratic lattice indicate
that many features of the mean field theory may survive the presence of
fluctuations.
