We calculate the average persistent current in a normal conducting, me
soscopic ring in the diffusive regime. In the presence of magnetic imp
urities, a contribution to the persistent current is identified, which
is related to fluctuations in the electron spin density. Assuming a s
pin-flip scattering rate which is comparable to the Thouless energy E-
c and low temperature, this new contribution to the persistent current
is of the order I similar to E-c(2)/(kT phi(0)), which is considerabl
y larger than the persistent current induced by the electron-electron
interaction.