The Aharonov-Casher (AC) effect for the quantum motion of a neutral magneti
zed particle in an electric field is believed to be a topological effect cl
osely related to the well-known Aharonov-Bohm (AB) effect. We study its dep
endence on the spin of the particle involved. Duality of the AB and AC effe
cts is demonstrated to exist only for two extreme spin (and magnetic-moment
) projections. A classical consideration confirms this conclusion. The moti
on of a classical magnetized particle with generally oriented magnetic mome
nt in the AC field appears to be subjected to both forces and torques. Only
for two special orientations of the magnetic moment (same as in the quantu
m case) is the motion in question effectively free and similar to the AB mo
tion of a charged particle. Thus, the AC effect is not really topological.
The presence of higher multipoles totally destroys possible AB-AC duality.