Frequency shifts and nuclear relaxations of 13 C NMR of the metal-insulator alternating material, [Ni(dmit)2]2, are presented. The NMR absorption lines originating from metallic and insulating layers are well resolved, which evidences the coexistence of localized spins (π loc ) and conduction π-electrons. The insulating layer is newly found to undergo antiferromagnetic long range order at about 2.5 K, suggesting emergence of S = 1/2 Mott insulator. In the metallic layer, we found significant suppressions of static and dynamical susceptibilities of conduction electrons below 35 K, where antiferromagnetic correlation in the insulating layer evolves. We propose a dynamical effect through strong π-π loc coupling between the metallic and insulating layers as an origin of the reduction of the density of states.PACS numbers: 71.20. Rv, Correlations between conduction electrons and localized spins attract much attention in condensed matter physics. Competition between magnetic ordering due to the Ruderman-Kittel-Kasuya-Yosida (RKKY) interaction and the formation of a Kondo singlet accompanied by mass enhancement of conduction electrons is a constitutive problem [1]. In the last decades, several organic charge-transfer-salts with anions containing magnetic d ions have been synthesized [2,3]. It is widely recognized that physical properties of molecular conductors are determined by a single band formed by the frontier orbital consisting of hybridized π-electons on molecules, and simple tight binding approximation works extremely well for the description of the band. Such simplicity is a significant advantage in the study of π-d correlation between conduction π-electrons and local d moments.Since hitherto known organic charge-transfer-salts with π-d interaction contain transition metals as localized spins, the wave functions of conduction electrons and localized spins in the anions are weakly hybridized because of large energy gap between the HOMO and the d levels up to 1 eV [4,5]. In this case, π-d interaction is well described by mean field approximation where conduction electrons feel exchange fields from local d moments [4,6,7].A newly synthesized organic conductor, (Me-3,5-DIP)[Ni(dmit) 2 ] 2 , is a candidate material to study the correlation between conduction π-electrons and localized π-spins. This material consists of two dimensional quarter-filled Ni(dmit) 2 anion layers and nested (Me-3,5-DIP) cations as shown in Fig. 1. There are two inequivalently aligned Ni(dmit) 2 layers alternating in a unit cell. An extended Hückel calculation expects an oval Fermi surface originating from one Ni(dmit) 2 layer. In the other Ni(dmit) 2 layer, strong dimerization is expected originating from 30 times as large intradimer transfer integral as interdimer one, which leads to a half-filled band [8]. Experimentally, the results of macroscopic measurements support alternation of metallic and Mott insulating layers [8]. We plot in Fig. 2 the anisotropy of resistivity. The ratio of inter-and intra-layer resistivities, ρ c /ρ b , which...