We have applied a gauge origin invariant method for the calculation of
magnetizabilities and nuclear magnetic shielding constants to the tri
ply bonded molecules CO, N-2, HCN, CN- and HCCH. In particular, we hav
e compared the basis set dependence of the sum-over-states expression
for the diamagnetic term with the ground state average value expressio
n and with the basis set dependence of the paramagnetic contribution.
A systematic procedure for choosing an atomic basis set for the indivi
dual atoms was developed and applied to all molecules studied. Inclusi
on of p and d functions with large exponents was found important for t
he sum-over-states diamagnetic contribution to the nuclear magnetic sh
ielding, whereas it was necessary to include diffuse d functions for t
he magnetizability. The effect of electron correlation on the diamagne
tic and paramagnetic contributions to the magnetic properties was inve
stigated within the second order polarization propagator approximation
(SOPPA) and various coupled cluster polarization propagator approxima
tions (CCDPPA/CCSDPPA). We find that the SOPPA gives a much smaller co
rrelation contribution for the heavy atoms in these molecules than com
parable MP2 and MC-RPA calculations. A large effect on the inclusion o
f coupled cluster single amplitudes suggests that the orbital relaxati
on terms might be quite important for magnetic properties of triply bo
nded molecules. Correlation effects are larger in small basis sets. Th
is leads sometimes (N-2 and CO) to much better agreement between theor
y and experiment using incomplete basis sets.