We investigate the periodic Anderson model in the presence of an external magnetic field, using dynamical mean-field theory in combination with the modified perturbation theory. A metamagnetic transition is observed which exhibits a massive change in the electronic properties. These are discussed in terms of the quasiparticle weight and densities of states. The results are compared with the experimental results of the metamagnetic transition in CeRu2Si2.By "metamagnetic transition", we describe an anomalous behavior of the magnetization as function of external field b ext , namely a sudden increase at a finite field b * ext . Many rare-earth materials exhibit this kind of behavior. One has to distinguish between those materials which already show long-range (e.g. antiferromagnetic) order for zero-field and those which are paramagnetic.In the first case, the materials already have finite local moments at zero-field. Here a metamagnetic transition occurs when the external field is stronger than the internal (antiferromagnetic) exchange between these moments. This situation is found for example in CeFe 2 -based alloys 1 .The other possibility, where a paramagnetic substance enters a high-magnetization state at a critical field b * ext is realized by some heavy-fermion metals as for example CeRu 2 Si 2 2,3,4,5 or UCoAl 5,6 . As will be discussed further below, experiments indicate a substantial change in the electronic structure at the transition, which is not yet fully understood.In this paper, we investigate a similar transition found in a relatively simple electronic model of heavy-fermion compounds. We examine the periodic Anderson model (PAM) with an external magnetic field. The periodic Anderson model describes the interplay between strongly correlated localized electrons with a band of uncorrelated conduction electrons. These two electronic sub-systems are coupled by a hybridization term. The Hamiltonian of the PAM reads:Here, s kσ (f iσ ) and s † kσ (f † iσ ) are the creation and annihilation operators for a conduction electron with Bloch vector k and spin σ (a localized electron on site i and spin σ) andThe dispersion of the conduction band is ǫ( k) and ǫ f is the position of the localized level. The hybridization strength V is taken to be k-independent, and finally U is the on-site Coulomb interaction strength between two felectrons. Throughout this paper, the conduction band will be described by a free (Bloch) density of states,, of semi-elliptic shape. Its width W = 1 sets the energy scale, and its center of gravity the energy-zero:The magnetic field b ext is given in energy units of the band width W ( z σ = +1(−1) for σ =↑ (↓)). The external field couples equally to the spin of the f and conduction band electrons. This is in our opinion most appropriate for the model Hamiltonian (1) where the f -states are taken to be non-degenerate (s-type). Without using the full orbital degeneracy, one could alternatively use the g-factors of the real materials. Other authors have even completely neglected the coupli...