The observation of giant magnetoresistance (GMR) in sputtered Fe/Ag mu
ltilayers is reported. The maximum GMR reaches -7.3% at 1.5 K. The amp
litude of the GMR oscillates with variations in Ag thickness; the osci
llation period is about 11 Angstrom. An anomaly in the temperature dep
endence of the saturation field was also observed and is discussed in
terms of the interface superparamagnetic state.