We review recent experimental and theoretical work on ultrasmall metallic
grains, i.e. grains sufficiently small that the conduction electron energy
spectrum becomes discrete. The discrete excitation spectrum of an individual
grain can be measured by the technique of single-electron tunneling
spectroscopy: the spectrum is extracted from the current-voltage
characteristics of a single-electron transistor containing the grain as central
island. We review experiments studying the influence on the discrete spectrum
of superconductivity, nonequilibrium excitations, spin-orbit scattering and
ferromagnetism. We also review the theoretical descriptions of these phenomena
in ultrasmall grains, which require modifications or extensions of the standard
bulk theories to include the effects of level discreteness.Comment: 149 pages Latex, 35 figures, to appear in Physics Reports (2001