We have measured the low-field magnetoresistance of molecular-beam-epi
taxy-grown tetragonal La0.7Ca0.3MnO3 films as a function of temperatur
e, and both magnitude and direction of the applied magnetic field. We
observed low-field anisotropic hysteresis that depends on the directio
n of the applied field in the plane of the film. The hysteretic effect
can result in a sharp drop in resistance during magnetization reversa
l which is more than 10 times steeper than the already ''colossal'' ma
gnetoresistance. We also present evidence of biaxial magnetocrystallin
e anisotropy with easy axes along the Mn-O bond ([100],[010]) directio
ns. We show that the low-field anisotropic hysteresis arises from the
combined effects of magnetocrystalline anisotropy, anisotropic magneto
resistance, and ''colossal'' magnetoresistance. Based on a comparison
of the data with a simple phenomenological model for the magnetoresist
ance, we argue that magnetization reversal must proceed by a domain pr
ocess.