The electronic structure of the newly discovered superconducting perovskite
MgCNi3 is calculated using the LMTO method. The states near the Fermi ener
gy are found to be dominated by Ni-d. The Stoner factor is low while the el
ectron-phonon coupling constant is estimated to be about 0.5, which suggest
s that the material is a conventional type of superconductor where T-c is n
ot affected by magnetic interactions. However, the proximity of the Fermi e
nergy to a large peak in the density of states in conjunction with the repo
rted nonstoichiometry of the compound has consequences for the stability of
the results.