It is possible to obtain sensitivity which can achieve an excellent error
rate with a high recording density. There are provided a magnetization
free layer which has two opposed main surfaces, one of which is set to be
generally parallel to an air bearing surface; an intermediate layer which
is formed on an opposite side face of the magnetization free layer from a
medium to come in contact with the magnetization free layer; and a pair
of magnetization pinned layers which are formed on an opposite side face
of the intermediate layer from the magnetization free layer to come in
contact with the intermediate layer and extend outwardly. A sense current
flows from one magnetization pinned layer to the other magnetization
pinned layer through the magnetization free layer.