The dc magnetron sputter deposited (Pt/Co/Pt/Ni) multilayers which exhibited Curie temperatures in the range of 150-$300^{circ}C$ were studied as possible alternative multilayers for magneto-optical recording to the widely studied Co/Pt, whose Curie temperatures are in the range of 200~$400^{circ}C$. The Coercivities of these multilayers were between 450 Oe and 800 Oe. These multilayers exhibited comparable magnetic and magneto-optical properties to Co/Pt multilayers with enhancement of the Kerr rotation at lower wavelengths and negligible Kerr ellipticity over a wide range of the spectrum (4000~7000$AA$ ).