The many-electron problem in a spin-orbital basis of rank K, with a Ha
miltonian exhibiting the unitary group U(K) (the coherence group), glo
bal symmetry is treated as a detailed example of the technique often r
eferred to as the 1/K expansion. This approach introduces a free param
eter K, which is a measure of the number of dynamical variables and us
ually also invokes coherent states associated with the coherence group
. We choose the Thouless coherent state, transform the complex state p
arameters so that they exhibit the structure of a flat generalized pha
se space, and analyze the corresponding energy functional as a power s
eries in 1/K. The limit of large K and that of a large number of elect
rons are discussed and compared to the expected classical limit.