The dynamic fluctuations due to localized Hubbard type of effective in
teractions, U and J, are calculated perturbatively up to second order
around the local density approximation (LDA) electronic structure. We
have found for UX3 (X = Ir, Pt, or Au), the mass-enhancement factors a
re in good agreement with experiment for U = 2eV, and that the trends
in the enhancement factors are systematically related to changes in th
e underlying LDA electronic structure. As for La2CuO4 we find that the
dynamic fluctuations are small despite the large effective interactio
n. Further, our approach reproduces the insulating ground state and th
e magnetic moment correctly. For the doped case [La2-xBaxCuO4 (x not-e
qual 0)] we find that even though the mass enhancement is small, there
is a significant broadening of the quasiparticles close to the Fermi
energy.