  The photoemission spectrum and the specific heat are studied in the Hubbard
model of small clusters including orbital degeneracy. We focus on the
degeneracy and valence dependence in the limit of a large Coulomb interaction.
For integer valence, it is found that the degeneracy increases the width of the
photoemission spectrum and it reduces the contribution from the charge degrees
of freedom to the specific heat. A deviation from integer valence reduces the
width of the photoemission spectrum.
