  We investigate the Baxter equation for the Heisenberg spin model
corresponding to a generalized BFKL equation describing composite states of n
Reggeized gluons in the multi-color limit of QCD. The Sklyanin approach is used
to find an unitary transformation from the impact parameter representation to
the representation in which the wave function factorizes as a product of Baxter
functions and a pseudo-vacuum state. We show that the solution of the Baxter
equation is a meromorphic function with poles (lambda - i r)^{-(n-1)} (r= 0,
1,...) and that the intercept for the composite Reggeon states is expressed
through the behavior of the Baxter function around the pole at lambda = i . The
absence of pole singularities in the two complex dimensional lambda-plane for
the bilinear combination of holomorphic and anti-holomorphic Baxter functions
leads to the quantization of the integrals of motion because the holomorphic
energy should be the same for all independent Baxter functions.
