The electronic spectrum of an icosahedral quasicrystal with a central-
atom decoration of the Amman-Mackay network is investigated in the tig
ht-binding approximation. The quasicrystal is described as a structura
l limit of the optimal cubic approximants with increasing period. The
electronic spectra for the first four optimal cubic approximants do no
t contain the hierarchical gap structure which is typical for the Cant
er set of the spectrum of a one-dimensional quasicrystal. At the same
time, as the order of the approximant increases, the spectrum becomes
singular throughout the entire energy scale. (C) 1998 American Institu
te of Physics. [S0021-3640(98)00808-1]