  We measure electron tunneling via discrete energy levels in ferromagnetic
cobalt particles less than 4 nm in diameter, using non-magnetic electrodes. Due
to magnetic anisotropy, the energy of each tunneling resonance shifts as an
applied magnetic field rotates the particle's magnetic moment. We see both
spin-increasing and decreasing tunneling transitions, but we do not observe the
spin degeneracy at small magnetic fields seen previously in non-magnetic
materials. The tunneling spectrum is denser than predicted for independent
electrons, possibly due to spin-wave excitations.
