  In this paper we study the Macroscopic Quantum Oscillation (MQO) effect in
ferromagnetic single domain magnets with a magnetic field applied along the
hard anistropy axis. The level splitting for the ground state, derived with the
conventional instanton method, oscillates with the external field and is
quenched at some field values. A formula for quantum tunneling at excited
levels is also obtained. The existence of topological phase accounts for this
kind of oscillation and the corresponding thermodynamical quantities exhibit
similar interference effects which resembles to some extent the electron
quantum phase interference induced by gauge potential in the Aharonov-Bohm
effect and the $\Theta $-vacuum in Yang-Mills field theory..
