The Lanczos process has been analytically and exactly carried out for the s
pin 1/2 isotropic XY chain in the thermodynamic limit, yielding a form for
the Lanczos coefficient beta(2)(s). This coefficient has a monotonic variat
ion for real positive s and confirms a general theorem on the ground state
properties of extensive many-body systems. The Taylor expansion of the coef
ficient about s = 0 has a finite radius of convergence, and ground state es
timates based on a finite truncation of this are shown to be asymptotic. (C
) 1999 Elsevier Science B.V.