Variational and fixed-node diffusion Monte Carlo calculations for seve
ral states of the iron atom are presented. The Ne-core electrons are e
liminated by accurate scalar relativistic pseudopotentials. Variationa
l valence correlation energies are the largest obtained so far by any
variational method including the most extensive quantum chemistry calc
ulations. The average difference between experiment and diffusion Mont
e Carlo results for the s --> d excitation energies, the ionization po
tential, and the electron affinity is 0.15 eV.