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We performed an exact diagonalization study of the spin liquid phase of theMultiple-Spin Exchange model on the triangular lattice. It is characterized byno Neel Long Range Order (NLRO), short-ranged magnetic correlations and a spingap. We found no LRO in any local order parameter we investigated (chiral,dimer,...). The probable asymptotic ground state degeneracy is discussed. Weargue that it could be of topological origin and that the system is probablynot a chiral spin liquid. A possible relation to theAffleck-Kennedy-Lieb-Tasaki (AKLT) phase is discussed.Comment: 13 pages, 14 EPS figures. RevTeX. Submitted to Phys. Rev.

Spin-liquid phase of the multiple-spin exchange Hamiltonian on the triangular lattice