Dy) thin fi lms with ferromagnetism and ferroelectricity were fabricated using pulsed DC sputtering technique to obtain high saturation magnetization, perpendicular magnetic anisotropy and large magnetic Kerr effect. These magnetic properties are very important for realization of high performance magnetic devices driven by electric field. All (Bi 0.5 L 0.5 )(Fe 0.7 Co 0.3 )O 3 (L = La, Nd, Sm, Gd, Dy) thin fi lms had relatively high saturation magnetization, perpendicular magnetic anisotropy and magnetic Kerr eff ect. Especially, (Bi 0.5 Nd 0.5 )(Fe 0.7 Co 0.3 )O 3 thin fi lm had a very high saturation magnetization of 140 emu/cm 3 (1.40×10 5 A/m), a high perpendicular magnetic anisotropy of 2.6 at ratio of perpendicular coercivity against in-plane coercivity and (Bi 0.5 La 0.5 )(Fe 0.7 Co 0.3 )O 3 thin fi lm had a very high magnetic Kerr rotation angle of 0.72°. These magnetic properties were excellent compared with the case of (Bi 0.5 A 0.5 )FeO 3 (A = Ca, Sr, Ba) thin fi lms with the maximum value of 90 emu/cm 3 (9.0×10 4 A/m) (for saturation magnetization), 0.8 (for ratio of Perpendicular coercivity against in-plane coercivity) and 0.03° (for magnetic Kerr rotation angle) which were fabricated previously. These magnetic properties are very important for realization of high performance magnetic devices driven by electric fi eld.