Accurate density-functional based calculations have been performed on the Co4(hmp)4(CH3OH)4Cl4 molecular magnet where hmp is deprotonated hydroxymethyl pyridine. In addition to the experimentally observed staggered geometry, we identify two isomers, referred to as eclipsed and half-staggered/half-eclipsed, that are reasonably low in energy. Our calculations show that the magnetic anisotropy is strongly dependent on the pyridine-pyridine separation and that the three structures exhibit easy axis, easy plane and triaxial behavior. Other effects such as partial reprotonation of the hmp is considered.The magnetic molecules containing transition metal atoms are being widely studied due to potential technological applications for information storage and quantum computing [1]. The magnetic molecules show magnetic hysteresis behavior reminiscent of single domain magnets and exhibit the phenomenon of quantum tunneling of magnetization. Observation of such behavior in a molecular magnet is greatly facilitated by a reasonably high net spin and a large magnetic anisotropy energy (MAE). A very recent experimental report of a single molecule magnet consisting of Co 4 (hmp) 4 (CH 3 OH) 4 Cl 4 where hmp-is the deprotonated hydroxymethylpyridine, suggests that this molecule is quite promising since the magnetic anistropy energy per transition metal atom is high ( 25-50K) [2] compared to other magnetic molecules Fe 8 -tacn [3], Mn 12 -acetate [4,5,6,7] where it is ( 3-6K). The reported ferromagnetic ordering of the Co 4 molecule also differs qualitatively from the ferrimagnetic spin ordering observed in the Mn 12 and Fe 8 . The negative anisotropy energy for a transition metal with more than 5 d electrons is also considered to be unusual.In order to gain more insight into the prop- * Corresponding author: FAX: +1-202-404-7546; e-mail: pederson@dave.nrl.navy.mil erties of this molecule, we have carried out a detailed ab initio study of the electronic structure and magnetic anisotropy energy of [Co 4 (hmp) 4 (CH 3 OH) 4 Cl 4 ] for different conformers. Density functional theory [8,9] based allelectron, spin-polarized calculations were carried out with the NRLMOL code [10,11] within the generalized gradient approximation to the exchange-correlation functional [12].In the experimentally obtained Co 4 cluster [2], the four cobalt atoms in the molecule are bonded to organic hydroxy-methyl-pyridine(hmp) ligands (Fig.