  Recently it has been proved that any arithmetically Cohen-Macaulay (ACM)
bundle of rank two on a general, smooth hypersurface of degree at least three
and dimension at least four is a sum of line bundles. When the dimension of the
hypersurface is three, a similar result is true provided the degree of the
hypersurface is at least six. We extend these results to complete intersection
subvarieties by proving that any ACM bundle of rank two on a general, smooth
complete intersection subvariety of sufficiently high multi-degree and
dimension at least four splits. We also obtain partial results in the case of
threefolds.
