A commonly cited reason for the success of the local spin density (LSD
) approximation is that it correctly accounts for short wavelength con
tributions to the exchange-correlation energy. We show that this resul
t, while true in several limits and for several approximations to thes
e fluctuations, is not exact in general, with an analytic demonstratio
n on a specific system (Hooke's atom). Nevertheless, we find that LSD
is rather accurate for small separations.