Theoretical and experimental work on the effect of light on the magnetic properties of strongly
magnetic materials is reviewed. This phenomenon is caused primarily by the change in the
exchange interaction and magnetic anisotropy. The manifestations of photomagnetism are very
diverse. Light can affect the long-range order, raising the Curie point of ferromagnetic
materials, changing the type of ordering or giving rise to the appearance of magnetization in
antiferromagnetic materials. Light can also change the domain structure, affect the motion of
domain walls under the action of external forces, and itself give rise to the motion of domain
walls. From the theoretical viewpoint, photoinduced order-disorder phase transitions are of
special interest as an example of phase transitions in open systems. The review covers works
published up to September 1985.