We have calculated the response function for electronic Raman scattering wi
thin the fluctuation-exchange approximation for the two-dimensional Hubbard
model. Below T-c. a large pair-breaking peak and a gap develop in the B-1g
spectrum while the effect of superconductivity on the B-2g spectrum is muc
h smaller, In order to investigate the underdoped regime we study the influ
ence of a phenomenologically introduced pseudogap. In the normal state we f
ind that this pseudogap leads for decreasing temperature to development of
a d-wave gap structure in the density of states which merges continuously i
nto the superconducting spectrum. A corresponding pair-breaking peak evolve
s continuously in the B-1g Raman spectrum as T decreases in the normal stat
e and below T-c. We discuss our results in connection with recent tunneling
, optical conductivity, and Raman data on the cuprates. [S0163-1829(99)1372
1-4].