Invariant subspaces of the quasinilpotent DT-operator

In [4] we introduced the class of DT-operators, which are modeled by certain upper triangular random matrices, and showed that if the spectrum of a DT-operator is not reduced to a single point, then it has a nontrivial, closed, hyperinvariant subspace. In this paper, we prove that also every DT-operator whose spectrum is concentrated on a single point has a nontrivial, closed, hyperinvariant subspace. In fact, each such operator has a one-parameter family of them. It follows that every DT-operator generates the von Neumann algebra L(F-2) of the free group on two generators. (C) 2003 Elsevier Inc. All rights reserved.