Neutron
scattering inve
stigation
s of the magnetic ordering and
spin wave
s have been carried out on the bilayer manganite La
<sub>1.2sub>Sr
<sub>1.8sub>Mn
<sub>2sub>O
<sub>7sub> which
show
s colo
ssal magnetore
si
stance (CMR) effect clo
se to the ferromagnetic pha
se tran
sition
T<sub>Csub>
s/glyphs/BQ4.GIF>128 K. The di
sper
sion
s of both the acou
stic and the optic mode
s along
[100] and
[001] have been mea
sured and by u
sing a effective locali
sed
spin model the complete
set of exchange parameter
s ha
s been determined. The
strong ani
sotropy in the exchange interaction
s sugge
st
s that La
<sub>1.2sub>Sr
<sub>1.8sub>Mn
<sub>2sub>O
<sub>7sub> can be con
sidered a
s a qua
si two-dimen
sional ferromagnet con
si
sting of weakly coupled ferromagnetic bilayer
s. Although an effective locali
sed
spin model can explain the
spin wave di
sper
sion for
small momentum and energy tran
sfer
s clo
se to the zone centre, it i
s no longer valid for larger momentum and energy tran
sfer
s clo
se to the zone boundary. The energy width
s of the
spin wave
s are found to be much larger than the in
strument re
solution
showing the dual locali
sed&nda
sh;itinerant character of the electronic
sy
stem.