in a magnetic recording medium which includes a base body , first and second magnetic layers , each being of a ferromagnetic material , and a spacer layer formed between the first and the second magnetic layers for inducing antiferromagnetic exchange interaction between the first and the second magnetic layers , the second magnetic layer located farther from the base body than the first magnetic layer includes a primary layer and a secondary layer located nearer to the base body than the primary layer . the primary layer has a primary anisotropic magnetic field while the secondary layer has a secondary anisotropic magnetic field which is smaller than the primary anisotropic magnetic field . the first magnetic layer is for controlling the antiferromagnetic exchange interaction .