We develop an effective theory for heavy baryons and their excited states.
The approach is based on the contracted O(8) symmetry recently shown to eme
rge from QCD for these states in the combined large-N-c and heavy-quark lim
its. The effective theory is based on perturbations about this limit; a pow
er-counting scheme is developed in which the small parameter is lambda (1/2
) where lambda similar to 1/Nc, Lambda /m(Q) (with Lambda being a typical s
trong interaction scale). We derive the effective Hamiltonian for strong in
teractions at next-to-leading order. The next-to-leading-order effective Ha
miltonian depends on only two parameters beyond the known masses of the nuc
leon and heavy meson. We also show that the effective operators for certain
electroweak transitions can be obtained with no unknown parameters at next
-to-leading order. (C) 2001 Elsevier Science B.V. All rights reserved.