  We study the {\it ferromagnetic} (FM) Kondo lattice model in the strong
coupling limit (double exchange (DE) model). The DE mechanism proposed by Zener
to explain ferromagnetism has unexpected properties when there is more than one
itinerant electron. We find that, in general, the many-body ground state of the
DE model is {\it not} globally FM ordered (except for special filled-shell
cases). Also, the low energy excitations of this model are distinct from spin
wave excitations in usual Heisenberg ferromagnets, which will result in unusual
dynamic magnetic properties.
