An overview is given on the status of research and applications in the fiel
d of layered magnetic structures and the historical development is indicate
d. Currently the research on interlayer exchange coupling giant magnetoresi
stance and tunnel magnetoresistance is particularly active, therefore the b
asic understanding of these phenomena, the size of the effects, important i
ssues and applications are discussed in some more detail. (C) 2000 Acta Met
allurgica Inc. Published by Elsevier Scientific Ltd. All rights reserved.