We present preliminary results from a new hybrid pseudospectral local
correlation method in which we combine the pseudospectral approximatio
n to two-electron integral evaluation with local truncation of the vir
tual space to accelerate singles and double excitation configuration i
nteraction (SDCI). The combination of the two leads even in small mole
cules to overall speed-ups of factors of 3-5 and reduces the main disk
space requirement by factors of 9-20 while retaining at least 98% of
the correlation energy of the exact SDCI calculations. These prelimina
ry results bode well for the advantages of further development of pseu
dospectral local correlation methods.