We show that quantum spin fluctuations in inhomogeneous conducting ferromag
nets drastically affect the Andreev reflection of electrons and holes at a
ferromagnet-superconductor interface. As a result, a strong long-range prox
imity effect appears, associated with electron-hole spin triplet correlatio
ns and persisting on a length scale typical for nonmagnetic materials but a
nomalously large for ferromagnets. For applications, an important consequen
ce is that this long-range proximity effect permits the creation of superco
nducting quantum interference devices with magnetic Josephson junctions of
anomalously large length. (C) 2001 American Institute of Physics.