The spin-wave spectra for bcc Fe at various lattice constants are calculated by the ab initio density functional electron theory for various lattice constants, and the exchange parameters of a Heisenberg model are determined from the data. The spin-wave energies increase with decreasing lattice constant, and the behavior of the exchange parameters can by no means be described by the Bethe-Slater curve for an effective nearest-neighbor Heisenberg model. From the spin-wave frequencies the pressure dependence of the Curie temperature is derived in mean-field and random-phase approximation, yielding ץT c MF /ץpϷ1.6 K/kbar and ץT c RPA /ץp Ϸ1.8 K/kbar, in contrast to the experimental result ץT c /ץpϷ0. Possible reasons for this discrepancy are discussed. The exchange interactions in 3d transition metals and their compounds are often discussed within the framework of an effective nearest-neighbor Heisenberg model and the Bethe-Slater curve ͑see, e.g., Ref. 1͒ which represents a conjecture on the variation of the nearest-neighbor exchange parameter J(R) with the interatomic spacing R. According to this curve, J(R) increases with decreasing R for Co and Ni, whereas it decreases for Fe and changes sign from positive to negative for small R. As an example for the application of the Bethe-Slater curve, the temperature dependence of the magnetization of an amorphous ferromagnet was explained 2 by a mean-field approach with spatial fluctuations of J estimated by use of this curve. If this simple nearest-neighbor Bethe-Slater model was correct, then the critical temperature T c of body-centered-cubic Fe as calculated in mean-field theory would be expected to decrease strongly when pressure is exerted on the sample. Experimentally, however, nearly no change of T c was found 3 at pressures up to the structural transition from body-centered to face-centered.Indeed, calculations based on the ab initio densityfunctional electron theory have revealed ͑Table I͒ that the simple nearest-neighbor Heisenberg model fails badly for Fe. Instead, an effective Heisenberg model with long-range pair interaction parameters J i j is proposed,where e i and e j are the unit vectors pointing in directions of the local magnetic moments at sites (i, j), respectively. The exchange parameters remain non-negligible over a very long range, and they oscillate in sign ͑Table I͒. It is the objective of this paper to calculate, by ab initio density-functional theory, the change of the spin-wave spectrum with decreasing lattice constant. From this information we then obtain related modifications of J i j , and predictions of the meanfield theory and random-phase approximation for the pressure dependence of T c . For the determination of the spin-wave spectra we use the method of Grotheer et al., 10 which is an alternative to the so-called frozen-magnon method introduced by Halilov et al. 11 Thereby, a spiral external field is applied, which for a monatomic unit cell has the formwhere q is the wave vector of the spiral and T denotes the translation...