The results of self-consistent nonlocal (GGA) density functional calculatio
ns are reported for small cobalt clusters (n less than or equal to 6;13). A
n emphasis is made on a proper treatment of correlation effects. The magnet
ic as well as the bonding properties of these clusters are discussed in ter
ms of a delicate balance between intra- and interatomic exchange and correl
ation. The enhancement of magnetic moments is analysed in terms of cluster
symmetry. Finally, the present results are compared with other theoretical
calculations obtained for these systems. (C) 1999 Elsevier Science Ltd. All
rights reserved.