The relation between giant magnetoresistance ͑GMR͒ and phase separated nanostructures in Cu 90 Co 10 is studied using magnetotransport measurements together with transmission electron microscopy and x-ray microanalysis. The samples were melt-spun ribbons isochronally annealed up to 873 K, and all show in their grains a homogeneous spinodal decomposition characterized by long parallel Co-excess stripes. These stripes have 40-nm modulation periods and develop along the crystalline directions of each grain. Different anneals do not change appreciably the observed microstructures, while the magnetoresistance is initially enhanced by a factor of 2, followed by a 35% drop above 823 K. The latter coincides with the observation of a secondary lamellar decomposition of 4 nm modulation length. We propose that the GMR effects in CuCo alloys originate from these nanoscopic modulations of the constituents induced by nonequilibrium processes.

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