The results of in situ studies of the evolution of the magnetic anisot
ropy of Co(100) and Co(110) epitaxial films are discussed. It is shown
that uniaxial magnetic anisotropies are the generic signature of symm
etry breaking atomic and nm scale structures, e.g. steps, clusters, is
lands revealed by scanning tunnelling microscopy (STM) studies, and ar
e strongly affected by nonmagnetic overlayers. However, the thickness
dependent behaviour is surprisingly complex, with strong changes in an
isotropy behaviour occurring with submonolayer depositions of nonmagne
tic overlayers, These effects cannot be understood within the usual fr
amework of the Neel model but are discussed in terms of several contri
buting mechanisms, e.g. strain, dipolar interactions and edge and surf
ace anisotropies.