Magnetoelectric properties of the spin-valve-type tunnel junction of Ta(5 nm)/Ni79Fe21 (25 nm)/Ir22Mn78 (10 nm)/Co75Fe25 (4 nm)/Al (0.8 nm)-oxide/Co75Fe25 (4 nm)/Ni79Fe21 (20 nm)/Ta (5 nm) are investigated both experimentally and theoretically. It is shown that both magnon and phonon excitations contribute to the tunneling process. Moreover, we show that there are two branches of magnon with spin S = 1/2 and 3/2 respectively. The theoretical results are in good agreement with the experimental data.Tremendous interest has been devoted to the tunnel magnetoresistance (TMR) effect 1,2,3,4,5,6,7,8,9,10 due to the high application potential in magnetic random access memory (MRAM) and magneticread-head technology. 7,11,12,13,14 Spin-electron transport and nanoscale magnetism in ferromagnet/insulator/ferromagnet (FM/I/FM) junction structure play a very important role in this effect. Up to present, although considerable progress on both experimental and theoretical studies of TMR effect in FM/I/FM junctions has been achieved, intrinsic magnetoelectric properties of magnetic tunnel junctions (MTJs) as well as spin-electron transport theory have not yet been generally reported. Therefore, a close study of these subjects are important both for the sake of fundamental studies and for the development of high-quality TMR devices.Recently Han et al. performed a systematic experimental investigation of a spin-valve-type tunnel junction of Ta(5 nm)/Ni 79 Fe 21 (3 nm)/Cu (20 nm)/Ni 79 Fe 21 (3 nm)/Ir 22 Mn 78 (10 nm)/Co 75 Fe 25 (4 nm)/Al (0.8 nm)oxide/Co 75 Fe 25 (4 nm)/Ni 79 Fe 21 (20 nm)/Ta (5 nm) by measuring the tunnel current I, dynamic conductance dI/dV and inelastic electron tunneling (IET) spectrum dG/dV (G = I/V ) as functions of dc bias voltage V for both parallel (P) and antiparallel (AP) alignments of the magnetization of the two FM electrodes. 10 By applying the magnon-assisted tunneling theory developed by Zhang et al. 4 they fit their I-V , TMR-V , and TMR-T curves with a S = 3/2 magnon excitation ω q = E m (q/q m ) 2 for cut-off energy E m = 121 meV and q m = √ 4πn where n is the density of atoms at an interface. However, there is more interesting information in their IET spectrum data which has not been fully discussed. In particular, the contribution of phononassisted tunneling to the tunneling current has not been accounted in their model and calculations. 4,10 As shown in Fig. 1 there are three peaks in the IET spectrum from a new sample obtained in this work for V > 0 (or < 0): a strong peak around 20 meV and two small peaks around 90 and 115 meV. The small peak around 121 meV cor-FIG. 1: IET spectrum via the single-magnon-assisted tunneling (dash-dotted curve), single-magnon and phonon-assisted tunneling (dashed curve) and double-magnon and singlephonon-assisted tunneling (solid curve) are plotted as functions of voltage V . The experimental data are plotted as crosses. T = 4.2 K.respond to E m of the magnon excitation. Another small peak around 90 meV is identified to be the phonon excitation in Al 2 O 3 by...