AbstractThe role of electron correlation effects on the bond‐length alternation in linear metalliclike systems, as modeled by cyclic polyenes CNHN, N = 2n = 4v + 2, v = 1,2,…, is examined using the coupled cluster approach in the localized Wannier basis formalism. A recently developed approximate coupled pair approach which accounts for connected quadruply excited clusters is employed together with various truncation schemes for the localized doubly‐excited cluster components. It is found that for the physical value of the coupling constant, the electron correlation has only a very slight effect on the potential energy curves, yielding almost the same values for both the magnitude of the bond‐length alternation and for the stabilization energy relative to the symmetric equidistant structures as the restricted Hartree‐Fock theory. This is in contrast to a strongly correlated region where the correlation effects stabilize the undistorted non‐alternating structures. Different mechanisms of the bond‐length alternation or Peierl's distortion as implied by a simple Hückel Hamiltonian and by the Pariser‐Parr‐Pople Hamiltonian models are also pointed out.