We review the basic electronic structure of cuprate systems, and discuss th
e importance of strong electron correlation effects. Using resonant photoel
ectron spectroscopy it is demonstrated that the undoped cuprates belong to
the class of charge-transfer insulators. As a consequence, the first ioniza
tion states are likely to consist of bound states with a compensated local
spin structure rather than the usual high spin states expected from Hund's
first rule. Using spin-resolved resonant photoemission with circularly-pola
rized light, we are able to unravel the different spin states of the valenc
e band spectrum of the undoped cuprates and show that the top of the band i
s of pure singlet character, which provides strong support for the existenc
e and stability of Zhang-Rice singlets in high-T-C superconductors. (C) 200
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