Co-based Gd3Co29−xCrx compounds with a Nd3(Fe,Ti)29-type of structure have been synthesized successfully for x=6.5 and 7.0. The crystal structure and magnetic properties of the Gd3Co29−xCrx compounds have been investigated by x-ray diffraction analysis and magnetic measurements. It has been found that Gd3(Co,Cr)29 with x=6.5 and 7.0 are of ferrimagnetic compounds with Curie temperature of 412 K for x=6.5 and 359 K for x=7.0, respectively. Temperature dependence of the magnetization shows a compensation point of the magnetization at the certain temperature below the Curie temperature. The intersublattice molecular field coefficient, nRT, was derived to be 3.3 T f.u./μB for Gd3Co22.5Cr6.5 on the basis of the magnetization curve at the compensation temperature. It is noteworthy that the Gd3(Co,Cr)29 compounds exhibit favorable easy-axis anisotropy in the whole temperature range below Curie temperature.