A combined pdaeomagnetic, hysteresis, thermomagnetic, and electron microprobe study has been carried out on pillow basalts from Late Tertiary oceanic crust exposed on Macquarie Island. Oriented cores were collected from four sites in the North Head region where the basalts are unmetamorphosed but have suffered pervasive seafloor weathering and at four sites near Langdon Point where the pillow lavas have experienced metamorphism to the greenschist facies. Field geologic and petrologic evidence suggests that the North Head samples are representative of the weathered zone of Late Tertiary oceanic crust while the specimens from Langdon Point are representative of pillow basalts from > 5 0 0 m into the oceanic lithosphere. Geometric mean intensities of natural remanence (NRM) were 0.7 x C for North Head samples and 0.6 x 10-3C for specimens from Langdon Point. The geometric mean values of low field susceptibility (x)and Koenigsberger ratio (Q) for North Head samples (0.1 x 10-3GOe-1 and 9.8) are similar to those of DSDP basalts. The mean value of x and Q for Langdon Point samples (2.8 x 10-3G Oe-' and 0.3) is similar to those observed in metabasalt dredged from oceanic escarpments. Hysteresis, thermomagnetic and electron microprobe data indicate that the titanomaghemites in the North Head samples have suffered a high degree of low temperature oxidation. Langdon Point samples show reversible thermomagnetic curves with a magnetic Curie temperature (58OoC), indicating that metamorphism has altered the magnetic mineralogy. This metamorphism is thought to occur at or near the ridge during the seafloor spreading process. Thus, the NRM of the metamorphosed pillow basalts would still record geomagnetic reversals and contribute to magnetic lineations. The low NRM intensities are ascribed to prolonged seafloor weathering of North Head samples and to metamorphism of the basalts from Langdom Point. Since the 10-3G NRM intensities of pillow basalts are too low t o account for the 180 observed amplitude of marine magnetic anomalies, the underlying basaltic and doleritic sheeted dyke complex must also contribute to the anomalies.