Reactions between Co(OAc)(2) and 2-amino-2-methyl-1,3-propanediol (ampdH(2)) afford a hexanuclear complex [Co-6(H2O)(MeOH)(OAc)(6)(ampd)(4)] (1) and a one-dimensional coordination polymer comprised of discrete heptanuclear complexes covalently bound to mononuclear Co centers [Co-8(H2O)(2)(OAc)(7)(ampd)(6)](n) (2). While 1 is obtained under ambient reaction conditions, the formation of 2 requires solvothermal methods. Both products have been characterized crystallographically and found to be mixed-valent, containing divalent and trivalent Co centers. Down to 30 K, the variable-temperature magnetic susceptibility data of 1 and 2 are dominated by the single-ion properties of highspin Co-II centers with distorted-octahedral coordination geometries. Below this temperature, the effect of intramolecular ferromagnetic exchange interactions becomes apparent. The ferromagnetic coupling in 1 has been analyzed in terms of an anisotropic exchange model, and inelastic neutron scattering data are consistent with the proposed model. Although the structure of 2 precludes a quantitative interpretation, the magnetic data suggest ferromagnetic exchange within the heptanuclear unit and negligible interactions along the chain between the hepta- and mononuclear fragments.