Magnetization-induced effe_ct.s in the nonlinear optical response of magnetic media, such as magnetizationinduced-second-harmonic generation (MSHG), led to very strong and novel non linear magneto-optical effects that appear to be very sensitive to magnetic interface properties. This surface-interface sensitivity ofMSHG, in combination with the very large magneto-optical effects, has led to a fast development of this technique over the past decade. On the one hand, an extreme sensitivity of MSHG to the electronic and magnetic structure of clean surfaces has been successfully demonstrated. On the other hand, the penetration depth of light allows one to use this sensitivity to study buried interfaces in multilayer systems. Further experimental developments of the MSHG technique, such as space and time t·esolution as well as magnetization-sensitive-sumfrequency generation, appear to be promising as well.