In this paper we review recent work in our laboratory on nanocomposite CoSm-based films including CoSm with Cr underlayer (CoSm//Cr), exchange-coupled magnetic films consisting of CoSm and FeCo layers (CoSm/FeCo), and CoSm multilayers with nonmagnetic spacing layers of SmO (CoSm/SmO). The emphasis is on detailed investigations of microstructure and magnetic properties for CoSm//Cr films, exchange-spring effects for CoSm/FeCo films, and interlayer effects for (CoSm/ SmO) multilayers.