Novel effects in magnetic Multilayer structures, such as oscillatory m
agnetic coupling and ''giant'' magnetoresistance, have created new mat
erials that allow for an order of magnitude higher sensitivity in the
detection of magnetically-recorded dat a. Determination of their elect
ronic and magnetic structures with angle-resolved photoemission and in
verse photoemission reveals quantized states in the noble metal spacer
layers which are connected with oscillatory magnetic coupling and hav
e implications on magnetoresistance. These states can be understood by
a simple interferometer model, including the spin-dependent interface
reflectivity that polarizes them and transmits the magnetic coupling
through the noble metal spacer. Current efforts are discussed, which a
im towards fabricating quantum wires and lateral superlattices on meta
ls by decorating steps at vicinal surfaces. STM work on the growth mod
e of such structures is presented, which uses spectroscopic contrast t
o distinguish different metals. Specific electronic states at decorate
d step edges are found with inverse photoemission.