The density of states (DOS) and the level statistics for a particle mo
ving in a Gaussian random potential on a line are derived exactly. The
degrees of freedom of the potentials in the ensemble are split into t
he spectral variables and the parameters of isospectral deformations o
f the potential which are given by the flows of the Korteweg-de Vries
(KdV) hierarchy. This allows one to evaluate the functional integral f
or the ensemble average and to analyze the physical content of possibl
e modifications of the Gaussian ensemble. Contrary to the known result
s for the finite interval problem, the DOS shows the formation of an i
mpurity band for E < 0, separated from the continuous spectrum.