The phase diagram, nature of the normal state pseudogap, type of the Fermi
surface, and behavior of the superconducting gap in various cuprates are di
scussed in terms of a correlated state with valence bonds. The variational
correlated state, which is a band analogue of the Anderson (RVB) states, is
constructed using local unitary transformations. Formation of valence bond
s causes attraction between holes in the d-channel and corresponding superc
onductivity compatible with antiferromagnetic spin order. Our calculations
indicate that there is a fairly wide range of doping with antiferromagnetic
order in isolated CuO2 planes. The shape of the Fermi surface and phase tr
ansition curve are sensitive to the value and sign of the hopping interacti
on t' between diagonal neighboring sites. In underdoped samples, the dielec
trization of various sections of the Fermi boundary, depending on the sign
of t', gives rise to a pseudogap detected in photoemission spectra for vari
ous quasimomentum directions. In particular, in bismuth- and yttrium-based
ceramics (t'>0), the transition from the normal state of overdoped samples
to the pseudogap state of underdoped samples corresponds to the onset of di
electrization on the Brillouin zone boundary near k = (0, pi) and transitio
n from "large'' to "small'' Fermi surfaces. The hypothesis about s-wave sup
erconductivity of La- and Nd-based ceramics has been revised: a situation i
s predicted when, notwithstanding the d-wave symmetry of the superconductin
g order parameter, the excitation energy on the Fermi surface does not vani
sh at all points of the phase space owing to the dielectrization of the Fer
mi boundary at k(x) = +/- k(y). The model with orthorhombic distortions and
two peaks on the curve of T-c versus doping is discussed in connection wit
h experimental data for the yttrium-based ceramic. (C) 1999 American Instit
ute of Physics. [S1063-7761(99)01902-2].