The charge carriers of Yb4X3, X = P, As, Sb, Bi, are Yb-4f electrons and X-
p holes. A very low X-p density of states towards the band maximum in conne
ction with a strong Yb-4f onsite Coulomb correlation results in the extreme
ly low carrier concentration found in these compounds. Charge ordering amon
g the Yb2+ and Yb3+ ions is essential in this respect. Electronic structure
calculations are reported which reveal this picture, and which suggest tha
t a large part of the strongly enhanced Sommerfeld constant is due to spin
excitations in charge ordered chains. (C) 1999 Elsevier Science B.V. All ri
ghts reserved.