  We discuss some properties of the ferromagnet-superconductor proximity
system. In particular, the emphasis is put on the physics of the
Fulde-Ferrell-Larkin-Ovchinnikov (FFLO) like state. In addition to Andreev
reflections it features a number of unusual thermodynamic and transport
properties, like: oscillatory behavior of the pairing amplitude, density of
states and superconducting transition temperature as a function of the
ferromagnet thickness. Surprisingly, under certain conditions spontaneous spin
polarized current is generated in the ground state of such a system. We provide
some informations regarding experimental observations of this exotic state.
