We suggest that low-lying eigenvalues of realistic many-body Hamiltonians,
given, as in the nuclear shell model, by large matrices, can be calculated
by the diagonalization of truncated matrices with the exponential extrapola
tion of the results. We show numerical data confirming this conjecture. We
argue that the exponential convergence may be a generic feature of complex
systems where the wave functions are localized in an appropriate basis.