The Estabrook-Wahlquist prolongation method is applied to the (compact
and noncompact) continuous isotropic Heisenberg model in 1 + 1 dimens
ions. Using a special realization (an algebra of the Kac-Moody type) o
f the arising incomplete prolongation Lie algebra, a whole family of n
onlinear field equations containing the original Heisenberg system is
generated.