We review recent experimental and theoretical work on ultrasmall metallic g
rains, i.e. grains sufficiently small that the conduction electron energy s
pectrum becomes discrete, The discrete excitation spectrum of an individual
grain can be measured by the technique of single-electron tunneling spectr
oscopy: the spectrum is extracted from the current-voltage characteristics
of a single-electron transistor containing the grain as central island. We
review experiments studying the influence on the discrete spectrum of super
conductivity, nonequilibrium excitations, spin-orbit scattering and ferroma
gnetism. We also review the theoretical descriptions of these phenomena in
ultrasmall grains, which require modifications or extensions of the standar
d bulk theories to include the effects of level discreteness. (C) 2001 Else
vier Science B.V. All rights reserved.