A total of 500.7 m of continuous, vertical, oceanic gabbroic section was recovered during Leg 118. The gabbros obtained exhibited various degrees of alteration and deformation, which gave us a good opportunity to study the magnetic properties of oceanic gabbros. Many of these gabbros, which are mainly Fe-Ti oxide gabbros, have strong and unstable secondary magnetic components that were acquired during drilling. Stable inclinations, which are probably in-situ magnetic directions, show a single polarity, with an average value of 66° (±5°), meaning that the studied 501-m oceanic gabbroic block may be a candidate for the source of the marine magnetic anomaly. This may also imply that the metamorphism of oceanic gabbros causing acquisition of magnetization probably occurred within one geomagnetic polarity chron (about 0.3 to 0.7 m.y.) after these gabbros formed at the ridge, leading us to conclude that oceanic gabbros record the so-called Vine-Matthews-Morley type of initial magnetization at the ridge. The average intensity value of stable magnetic components of individual samples, which may be a minimum estimate for remanent magnetizations, is 1.6 A/m. Assuming this magnetic intensity value and a uniform magnetization within an oceanic gabbroic layer having a thickness of 4.5 km (i.e., whole layer 3), it is possible to explain most of the marine magnetic anomaly. If magnetic properties of the samples obtained from Hole 735B are common to oceanic gabbros, layer 3 may contribute more significantly to seafloor spreading magnetic anomalies than previously thought.