We investigate the combined effects of magnetic impurities and applied
magnetic field on the interference contribution to the conductance of
disordered metals. We show that in a metal with weak spin-orbit interaction,
the polarization of impurity spins reduces the rate of electron phase
relaxation, thus enhancing the weak localization correction to conductivity.
Magnetic field also suppresses thermal fluctuations of magnetic impurities,
leading to a recovery of the conductance fluctuations. This recovery occurs
regardless the strength of the spin-orbit interaction. We calculate the
magnitudes of the weak localization correction and of the mesoscopic
conductance fluctuations at an arbitrary level of the spin polarization induced
by a magnetic field. Our analytical results for the ``h/e'' Aharonov-Bohm
conductance oscillations in metal rings can be used to extract spin and
gyromagnetic factor of magnetic impurities from existing experimental data.Comment: 18 pages, 8 figure