We present a detailed description of the equivalent linear two-body method
for the many-body problem, which is based on an approximate reduction of th
e many-body Schrodinger equation by the use of a variational principle. The
method has been applied to the one-dimensional N-body problem with pair-wi
se contact interactions (McGurie-Yang N-body problem) and to the dilute Bos
e-Einstein condensation of atoms in harmonic traps at zero temperature for
both positive and negative scattering lengths. The ground state energy and
wavefunction for a dilute Bose gas are obtained analytically for large valu
e of N and it is shown that the method gives excellent results in the large
-N limit.