We calculate microscopically the spectrum of a He-3 impurity atom movi
ng in He-4, determine the Fermi-Liquid interaction between He-3 atoms
and then calculate the pressure and concentration dependence of the ef
fective mass and the magnetic susceptibility. The long wavelength limi
t of the spectrum defines the hydrodynamic effective mass. When k grea
ter than or equal to 1.7 Angstrom(-1) the motion of the impurity is da
mped due to the decay into a roton and a lour energy impurity mode. Th
e calculations of the Fermi-Liquid interaction are based on correlated
basis functions (CBF); the relevant matrix elements are determined by
the Fermi hypernetted-chain theory. Our theoretical effective masses
agree well with recent measurements,(1,2) but our analysis suggests a
new extrapolation to the zero-concentration limit. With that effective
mass we also find a good agreement with the measured(3) Landau parame
ter F-0(a).