First-principles calculations on the electronic properties of polycarb
onitrile - a compound closely related to trans polyacetylene - have be
en carried through. The lowest total energy for the neutral, undistort
ed system is found for a structure with a C-N bond-length alternation,
although also structures without this alternation have a gap at the F
ermi level. Subsequent model calculations predict solitons but not pol
arons to be stable for the charged and photoexcited chains. Solitons i
nduce two roughly symmetrically placed gap states. Polycarbonitrile sh
ould thus be considered a synthetic metal and might moreover be intere
sting in non-linear optics.