We report on the magnetotransport properties, up to 37 T, of the first
organic conductor containing magnetic Fe3+ ions, lambda-(BETS)(2)FeCl
4, where BETS is bis(ethylenedithio)tetraselenafulvalene. The previous
ly reported very sharp metal-insulator phase transition, which occurs
at 8 K under ambient pressure, is suppressed when applying magnetic fi
elds > 10 T. This unusual phenomenon may be connected to a field-induc
ed ferromagnetic ordering of the Fe3+ ion moments. This could result i
n some kind of ''evaporation'' of the previously condensed carriers, i
nto a field-restored highly conducting state (FRHCS). In this ground s
tate, angular dependence of the magnetoresistance is observed for curr
ent flowing perpendicularly to the best-conduction c axis.