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In this work, a class of nanocrystalline alloys, HITPERM (Fe, Co)–M–B–Cu (M=Zr, Hf, Nb, and etc.) found to exhibit excellent soft–magnetic properties in bulk were used as soft–magnetic underlayers for perpendicular thin film media. A Ti intermediate layer was used to promote a (00∙2) texture and exchange de-couple the magnetic layer (CoCrPt) from the soft-magnetic underlayer. Specimens were deposited at both room and elevated temperature (∼ 250 °C). The results of x-ray diffraction and transmission electron microscope structural studies, along with magnetic properties are presented. © 2002 American Institute of Physics.