In this paper we present a theory for the oscillatory interlayer magne
tic coupling in ferromagnet/metal(or insulator)/ferromagnet sandwich s
tructures and layered magnetic superlattices. We propose a theoretical
model for a sandwich magnetic structure and calculate the total spin
in the ground state of the model Hamiltonian exactly. The result shows
that the effective interlayer magnetic coupling between magnetic laye
rs oscillates from ferromagnetic to antiferromagnetic with a two-monol
ayer period in the interlayer.