PACS 75.47. De, 75.70.Cn In this contribution the influence of annealing on magnetization reversal and on the giant magnetoresistance effect of [Ni 80 Fe 20 /Au(t Au )/Co(t Co )/Au(t Au )] 10 multilayers with t Co = 0.6, 0.8 nm and t Au = 1.5, 2.2 nm was studied. Measurements performed for as-deposited samples and after subsequent annealing at T a (423 K < T a < 523 K) show that the GMR effect is stable under annealing below 475 K. It even slightly increases, for T a above 450 K, opening a path for a GMR value control and therefore is important for applications. The most pronounced changes were observed in the saturation field
Co SH which is a measure of perpendicular anisotropy. The significant variations were also noticed in the central part of the M(H) and R(H) curves. They are characterized by the nucleation field H N and the saturation field H S⊥ which are related to the appearance and disappearance of stripe domains in Co layers, respectively. The influence of T a on values of Co S H , H S⊥ and H N will be discussed.