A method of recording and reproducing information in a medium having a first ferromagnetic layer, a second ferromagnetic layer, a nonmagnetic interlayer, and an antiferromagnetic layer formed as a continuous multilayer such that a plurality of information values can be recorded in said medium, said plurality of information values comprising a first information value and a second information value, the method comprising the steps of:
- applying a first magnetic field to a selected first region of said medium such that said pair of ferromagnetic layers are magnetized in a mutually antiparallel state representing said first information value, said first information value thereby being recorded in said first region;
- applying a second magnetic field, stronger than said first magnetic field, to a selected second region of said medium such that said pair of ferromagnetic layers are magnetized in a mutually parallel state representing said second information value, said second information value thereby being recorded in said second region such that both said first and second information values are recorded in said medium;
- and
- reproducing said first and second information values thus recorded in said medium by detecting electrical resistance of said first and second regions.