The oscillatory behaviour of the giant magnetoresistivity versus Cu su
blayer thickness was observed in Ni83Fe17/Cu multilayers with an oscil
lation period of 1 nm independently of buffer layer and substrates use
d in the experiment. The giant magnetoresistance field sensitivity equ
al to 0.02%/Oe and 0.15%/Oe for the first and the second maximum respe
ctively, were found. It was shown that the giant magnetoresistance eff
ect in our multilayers is not only due to the antiferromagnetic coupli
ng between adjacent permalloy layers but also due to the superparamagn
etic-like behaviour related to the existence of the intermixed interfa
cial areas.