The intracluster exchange interactions within the "butterfly" [Fe 3 Ln(μ 3 -O) 2 (CCl 3 COO) 8 (H 2 O)(THF) 3 ] molecules, where Ln(III) represents a lanthanide cation, have been determined by a combination of x-ray magnetic circular dichroism (XMCD) and vibrating sample magnetometry (VSM) along with an interaction model. We have studied the compounds with Ln = Tb and Ho, both non-Kramers lanthanides and with high uniaxial anisotropy, and Ln = Lu(III) and Y(III) as pseudolanthanides, which supply nonmagnetic Ln reference cases. At low temperature, the three Fe atoms can be considered as a self-unit with total spin S Fe 3 = 5/2. Using the element selectivity of the XMCD magnetometry, measured at the Ln L 2,3 edges, together with the VSM measurements, the local magnetization of the Ln ion and the Fe 3 subcluster, as a function of the field and low temperature (T ≈ 2.5 K), has been determined separately. These results are described quantitatively in the framework of a theoretical model based on an effective spin Hamiltonian, which considers the competing effects of intracluster interactions and the external applied magnetic field. The Ln-Fe 3 exchange interaction within the {Fe 3 LnO 2 } cluster has been determined to be antiferromagnetic, in both Tb and Ho compounds, with J FeTb /k B = −0.13(1) K and J FeHo /k B = −0.18(1) K, respectively. In both cases, a field-induced reorientation of the Fe 3 and Ln spins from antiparallel to parallel orientation takes place at a threshold field μ 0 H = 1.1 and 2 T, for the {Fe 3 TbO 2 } and {Fe 3 HoO 2 } compounds, respectively. By comparison with other compounds of the series with uniaxial anisotropy, it is concluded that the polarizability of the Fe 3 subcluster magnetic moment decreases in the trend {Fe 3 YO 2 } → {Fe 3 TbO 2 } → {Fe 3 HoO 2 } → {Fe 3 DyO 2 }, because of the increasing opposition of the exchange antiferromagnetic field caused by the Ln ion. In the Ln = Tb, Ho, and Dy, the magnetization of the whole molecule is dominated by the anisotropy of the Ln ion. The intracluster Fe 3 -Ln exchange interactions are very weak compared to the Ln ligand field and Fe-Fe exchange interactions.