We extend our study of the field-theoretic description of matrix-vecto
r models and the associated many-body problems of one dimensional part
icles with spin, We construct their Yangian-su(R) invariant Hamiltonia
n. It describes an interacting theory of a c = 1 collective boson and
a k = 1 su(R) current algebra. When R greater than or equal to 3 cubic
-current terms arise, Their coupling is determined by the requirement
of the Yangian symmetry. The Hamiltonian can be consistently reduced t
o finite-dimensional subspaces of states, enabling an explicit computa
tion of the spectrum which we illustrate in the simplest case.