  We report on electronic transport properties of mesoscopic
superconductor-ferromagnet spin-valve structures. Two ferromagnetic iron leads
form planar tunnel contacts to a superconducting aluminum wire, where the
distance of the two contacts is of the order of the coherence length of the
aluminum. We observe a negative non-local resistance which can be explained by
crossed Andreev reflection, a process where an electron incident from one of
the leads gets reflected as a hole into the other, thereby creating a pair of
spatially separated, entangled particles.
