The spectrum of magnetic and electronic excitations of a theoretical m
odel of the heavy fermion semiconducting materials is calculated. The
system is modeled by the degenerate Anderson lattice Hamiltonian. The
coulomb interaction between two electrons on the same f orbital is tre
ated by projecting out the doubly occupied configurations, using the s
lave boson technique. In the mean-field approximation, the system show
s a transition between a low-temperature insulating phase and a high-t
emperature metallic phase. The dynamical susceptibility and optical co
nductivities are calculated for this system. The spectra show contribu
tions from both quasi-elastic and inter-band excitations. The results
are compared with inelastic neutron scattering experiments.