We have observed oscillations with non-Magnetic spacer layer thickness in the saturation fields and characteristic exchange fields of CO/Cu Multilayers grown by MBE. The Specimens consisted of a set of samples in which the thickness of copper layers took a series of values between 5Å and 20Å, while the cobalt layer thickness was set at 15Å throughout. The Multilayers were grown epitaxially on GaAs (110) with Ge, Co (110) and Au in the buffer region, resulting in CO/Cu bilayers in the (111) orientation. Although oscillations were observed in these magnetic measurements, no oscillations were observed in the magnetoresistance itself. These observations are somewhat at odds with similar measurements made on samples prepared by sputtering. We conclude with a discussion involving exchange coupling, in-plane anisotropy and defects in the magnetic structure in an attempt to account for these conflicting results.