Starting from a Skyrme interaction we propose an extension of the finite rank separable approximation for the case of charge-exchange nuclear modes. This approximation enables one to reduce considerably the dimensions of the matrices that must be diagonalized to perform QRPA calculations in very large configuration spaces. First, we check that the approximation reproduces reasonably well the full charge-exchange RPA results of the spindipole resonances in the nuclei 90 Zr and 132 Sn. The approach is then applied to the study of the Gamow-Teller and the spin-dipole resonances in the neutron-rich Cd isotopes, within the quasiparticle random phase approximation.Subject Index: 210, 213 §1. IntroductionThe study of spin-isospin excitations in neutron-rich nuclei is presently an important problem not only from the nuclear structure point of view but also because of the special role they play in many astrophysical processes. Many fundamental issues depend on our quantitative understanding of phenomena like beta decays of nuclei, nuclear electron capture or the r-process in nucleosynthesis. It is desirable to have theoretical models which can describe the data wherever they can be measured and which can predict the properties related to spin-isospin excitations in systems too short-lived to allow for experimental studies.Recent progress in measurements of charge-exchange modes have stimulated developments of the nuclear models. For example, the neutron skin thickness of nuclei could be in principle obtained from data on properties of spin-dipole (SD) excitations. 1)-3) If such neutron skin measurements could be done on 208 Pb one would have an independent and accurate check of the expected results from the ambitious PREX project at CEBAF 4), 5) and thus, a reliable determination of the density dependence of the nuclear symmetry energy.At the same time, the experimental studies using the multipole decomposition analysis (MDA) of the (n, p) and (p, n) reactions 2), 3), 6) have clarified the longstanding problem of the missing experimental Gamow-Teller (G-T) strength in nuclei, 7), 8) hence resolving the discrepancy between the random phase approximation (RPA) predictions and G-T measurements. Thus, the field of charge-exchange nuclear excitations is a cornerstone in the study of atomic nuclei, and it is our purpose here at University of Georgia on June 29, 2015 http://ptp.oxfordjournals.org/ Downloaded from 490 A. P. Severyukhin, V. V. Voronov and N. Van Giai to propose a method which can simplify the microscopic calculations of such excited states.The quasiparticle random phase approximation (QRPA) with the Skyrme interaction is a standard microscopic approach in nuclear structure theory. 9), 10) Many charge-exchange versions of it were developed during the last decade. 7), 8), 11)-16) Their common feature is that they allow to relate the properties of the ground states and excited states through the same energy density functional. On the other hand, it would be desirable to extend the description beyond the QRPA scheme i...