We study the asymptotic limit of a family of functionals related to the the
ory of micromagnetics in two dimensions. We prove a compactness result for
families of uniformly bounded energy. After studying the corresponding one-
dimensional profiles, we exhibit the Gamma -limit ("wall energy"), which is
a variational problem on the folding of solutions of the eikonal equation
\ del (g)\= 1. We prove that the minimal wall energy is twice the perimeter
. (C) 2001 John Wiley & Sons, Inc.