We have examined the electronic structure of bcc Fe and single-crystal hcp Co by using optical absorptivity and thermoreflectance techniques for 0.2≤hν≤5 eV. The optical conductivities σ were calculated by Kramers-Kronig analyses. A prominent structure was observed in σ for Fe at 2.37 eV and a shoulder was observed near 0.8 eV; the latter structure was the dominant feature in the thermoreflectance spectrum. These were discussed in terms of minority-spin band interband absorption and spin-flip interband transitions. The anisotropic optical conductivities of hcp Co were discussed in terms of recent energy-band calculations.