We present a model for gamma-ray bursts (GRBs) in which a stellar mass blac
k hole acquires a massive accretion disk by merging with the helium core of
its red giant companion. The black hole enters the helium core after it, o
r its neutron star progenitor, first experiences a common envelope phase th
at carries it inward through the hydrogen envelope. Accretion of the last s
everal solar masses of helium occurs on a timescale of roughly a minute and
provides a neutrino luminosity of approximately 10(51)-10(52) ergs s(-1).
Neutrino annihilation, 0.01%-0.1% efficient, along the rotational axis then
gives a baryon-loaded fireball of electron-positron pairs and radiation (a
bout 10(50) ergs total) whose beaming and relativistic interaction with the
circumstellar material makes the GRB (see, e.g., Rees & Meszaros). The use
ful energy can be greatly increased if energy can be extracted from the rot
ational energy of the black hole by magnetic interaction with the disk. Suc
h events should occur at a rate comparable to that of merging neutron scars
and black hole neutron star pairs and may be responsible for long complex
GRBs but not short hard ones.