Giant magnetoresistance has been observed in CoxAg1-x (8 less than or
equal to x less than or equal to 46 at%) thin granular films. The samp
les were prepared on glass substrates using ion-beam cosputtering tech
nique. It is shown that GMR depends on x, substrate temperature, and a
nnealing treatment. For x = 22 at% film after annealing 0.5 at 500 K,
the maximum of Delta p/p is - 13.4% at room temperature.