In CoCrTa "s, the relationship between the microstrnctnre of grain boundaries and degree of intergranular exchange coupling was investigated. The degree of intergranular exchange coupling decreases as Ta content increases. By TEM observation, it was revealed that the boundary phase, which appears to be amorphous, surrounds the grains. The width of this boundary phase tends to become thicker as Ta content increases From the result of an E M analysis, the Cr content at the grain boundaries is higher than that in the grains. The bonndary phase may be non-magnetic due to its high concentration of Cr. On the other hand, in this experiment, no boundary phase was observed in CoNiCr and CoCrPt filum which have the higher degree of intergranular exchange coupling than CoCrTa flhna Therefore, the change in the boundary phase may be effective in redncing the degree of intergranuhr exchange coupling.