Magnetic, structural, and electrical properties are reported for ferromagnetic nanocomposites (FMNC) consisting of nanometer size Co ferromagnetic nanoparticles (NP) embedded in Al 2 O 3 dielectric matrix. Co x (Al 2 O 3 ) 100Àx FMNC with x ¼ 7.8, 28.2, and 42.2 at.% were obtained in the form of (1-5) mm thick films by modified electron beam physical vapor deposition of Al 2 O 3 and Co vapors condensing on policor substrate at temperatures 100-400 8C. Magnetic properties of these FMNC studied by SQUID magnetometry and ferromagnetic resonance (FMR) methods revealed paramagnetic properties for layers with x ¼ 7.8 at.%, superparamagnetic behavior for x ¼ 28.2 at.%, and ferromagnetic state for the highest Co concentration studied x ¼ 42.2 at.%. Temperature dependence of electrical conductivity in FMNC with low Co content was found to follow the Mott law for variable range hopping mechanism. Magnetic field dependence of resistivity revealed a negative magnetoresistance effect. These results confirm the effectiveness of the applied technology for the preparation of Co x (Al 2 O 3 ) 100Àx FMNC.