We successfully synthesized itinerant-electron ferromagnetic compound LaCoAsO and studied its magnetic properties based on the self-consistent renormalization theory of spin fluctuations and Takahashi's spin-fluctuation theory. We showed that the magnetization (
M) of LaCoAsO shows the convex behavior when plotted in the form of
M 2 vs
H/
M, while the
M 4 shows the almost linear relation against
H/
M, which is predicted in the Takahashi's theory. From the comparison between the experimentally observed magnetic susceptibility and calculated one by using the self-consistent renormalization theory, we showed that the nature of spin fluctuations is 3-dimensional around the Curie temperature
TC, while above 3
TC the difference between two susceptibilities becomes more prominent with increasing temperature, indicating that 2-dimensional spin fluctuations dominate over the 3-dimensional ones in the high temperature region.
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