A magnetic recording medium, obtained by preparing a radiation-sensitive curing resin by modification of a copolymer of (A) vinyl chloride, (B) a vinyl carboxylate, (C) an unsaturated carboxylic acid and (D) an unsaturated carboxylic anhydride, containing 50 to 80% by weight of (A) based on the total of (A) and (B), 10 to 30% by weight of (D) based on the total of (C) and (D) and a total of 1 to 5 parts by weight of (C) and (D) based on 100 parts by weight of (A) and (B) and having an average polymerization degree of 100 of 400, and a magnetic powder thereby producing a magnetic paint, applying said magnetic paint to a non-magnetic substrate, and solidifying the resultant coating of paint on said substrate by exposure to radiation.