We report the observation of microscopically coexisting ferromagnetism and
superconductivity in a hybrid ruthenocuprate RuSr2GdCu2O8, with T-c less th
an or equal to 40K By means of various substituents it is established that
the superconductivity originates in the CuO2 planes and the ferromagnetism
in the RuO2 planes, as expected. Muon spin relaxation measurements show tha
t the ferromagnetism, with Curie temperature T-M = 132K, is microscopically
uniform and originates from the entire sample bulk. This is probably the f
irst confirmed example of uniform microscopic coexistence of superconductiv
ity and atomic ferromagnetism. The material is determined from thermopower
measurements to be an underdoped cuprate with a projected T-c,T-max = 90-10
0h; typical of a two-layer cuprate. The oxygen isotope effect exponent of a
lpha(Tc) = 1.7 is the largest observed in the high-T-c cuprates. These mate
rials are expected to provide a rich source of new physics and applications
.