The present paper is devoted to the investigation of exchange anisotro
py of fine cobalt particles with oxidized surface. From the value of h
ysteresis loop shift the value of exchange magnetic anisotropy constan
t and its dependence of the particle size has been determined. X-ray s
tructure analysis has shown, that cobalt core of the particle is surro
unded by a thin layer of the CoO which, in turn, is covered by a layer
of Co3O4.