  We present a dynamical analysis of the galaxy cluster AC114 based on a
catalogue of 524 velocities. Of these, 169 (32%) are newly obtained at ESO
(Chile) with the VLT and the VIMOS spectrograph. Data on individual galaxies
are presented and the accuracy of the measured velocities is discussed.
Dynamical properties of the cluster are derived. We obtain an improved mean
redshift value z= 0.31665 +/- 0.0008 and velocity dispersion \sigma= 1893+73-82
\kms. A large velocity dispersion within the core radius and the shape of the
infall pattern suggests that this part of the cluster is in a radial phase of
relaxation with a very elongated radial filament spanning 12000 \kms. A radial
foreground structure is detected within the central 0.5/h Mpc radius,
recognizable as a redshift group at the same central redshift value. We analyze
the color distribution for this archetype Butcher-Oemler galaxy cluster and
identify the separate red and blue galaxy sequences. The latter subset contains
44% of confirmed members of the cluster, reaching magnitudes as faint as R_{f}=
21.1 (1.0 magnitude fainter than previous studies). We derive a mass M_{200}=
(4.3 \pm 0.7) x 10^15 Msun/h. In a subsequent paper we will utilize the
spectral data presented here to explore the mass-metallicity relation for this
intermediate redshift cluster.
