The excitation scheme is explored as an alternative to the more usual
coupled Hartree-Fock and similar analytical derivative calculations of
polarizabilities and other molecular properties. The scheme can be im
plemented more easily and requires only a small fraction of the comput
er time and memory needed for conventional calculations. The accuracy
of the two approaches is fully comparable for calculations done with i
ncomplete basis sets. This is documented on computations of polarizabi
lities and magnetic susceptibilities of water, pyridine and pyrimidine
molecules performed at the HF and DFT (B3LYP) levels.