By means of ab initio calculations we predict that it is possible to manipulate the magnetization direction in organic magnetic molecules by changing their oxidation state. We demonstrate this novel effect on the Eu 2 C 8 H 8 3 molecule, in which the hybridization of the outer ring states with the Eu 4f states causes a redistribution of the orbitals around the Fermi level leading to a strong ferromagnetism due to a hole-mediated exchange mechanism. As a key result, we predict an oscillatory behavior of the easy axis of the magnetization as a function of the oxidation state of the molecule -a new effect, which could lead to new technological applications. DOI: 10.1103/PhysRevLett.100.117207 PACS numbers: 75.75.+a, 75.50.Xx, 85.35.Gv, 85.65.+h The miniaturization of the structures used in modern ultra-high-density magnetic recording aims at nonvolatility, low-energy consumption, and short access times for reading and writing. The nanostructured layered inorganic magnetic materials will reach soon the limit of nanopatterning [1], which motivates the search for completely new approaches. In this respect, organic molecular magnets are very promising candidates as working units for spintronics [2 -4]. From the technological functionality point of view, besides a small size, they are required to have a strong ferromagnetic coupling of local spin moments and large values of magnetic anisotropy energy (MAE), a quantity crucial for practical applications. MAE gives an estimate for the energy barrier necessary to stabilize the magnetic moments against quantum tunneling and thermal fluctuations.However, an easy way to control the spin polarized electrons in downscaling devices has proved to be quite a challenge. In particular, the effective ways of dynamical control of the magnetization direction in small magnetic bits used for storage and transport applications are still to be established. Because of the reduced dimensions, for the high-temperature applications the magnetic bits have to exhibit huge values of magnetic anisotropy to resist the temperature fluctuations. Moreover, controlling the magnetization direction, electronic and transport properties of the bits have to be easily manageable and should avoid applying enormous external magnetic fields due to huge anisotropies [5]. At the moment, temporary solutions of this problem lie in the heat-assisted magnetic recording [6] and in the writing assisted by microwave excitation [7]. But even in such promising techniques the presence of the magnetic field is necessary.In this Letter we propose a simple way to control the magnetization direction in organic magnetic molecules via a basic mechanism, which is common for the biomolecular world: an oxidation-reduction reaction. The transfer of electrons in or out of the molecule, the heart of an oxidation-reduction process, normally modifies not only the electronic properties of the molecule, but can also influence its magnetism drastically. Here we demonstrate that for a special class of ferromagnetic organic molecules the...