The dynamic structure factor S(Q,E) in normal liquid He-3, which conta
ins information on both density and spin-density fluctuations, has bee
n measured by inelastic neutron scattering both well below and close t
o the Fermi temperature. The data extend to smaller wave vectors and e
nergies than covered in earlier experiments, and give a much better de
termination of the line shape of the spin-density response. Together w
ith the temperature dependence, this allows to discriminate between di
fferent theoretical models for the nuclear spin fluctuations, and prov
ides information on the quasiparticle dispersion and effective mass.