  We investigate the physics of a magnetic impurity with spin 1/2 in a
correlated metallic host. Describing the band by a Hubbard Hamiltonian, the
problem is analyzed using dynamical mean-field-theory in combination with
Wilson's nonperturbative numerical renormalization group. We present results
for the single-particle density of states and the dynamical spin susceptibility
at zero temperature. New spectral features (side peaks) are found which should
be observable experimentally. In addition, we find a general enhancement of the
Kondo scale due to correlations. Nevertheless, in the metallic phase, the Kondo
scale always vanishes exponentially in the limit of small hybridization.
