In this paper, we study the high temperature or low connectivity phase of the
Viana-Bray model. This is a diluted version of the well known
Sherrington-Kirkpatrick mean field spin glass. In the whole replica symmetric
region, we obtain a complete control of the system, proving annealing for the
infinite volume free energy, and a central limit theorem for the suitably
rescaled fluctuations of the multi-overlaps. Moreover, we show that free energy
fluctuations, on the scale 1/N, converge in the infinite volume limit to a
non-Gaussian random variable, whose variance diverges at the boundary of the
replica-symmetric region. The connection with the fully connected
Sherrington-Kirkpatrick model is discussed.Comment: 24 page