- ga / 9 50 80 09 v 1 1 6 A ug 1 99 5 THE NOVIKOV - BOTT INEQUALITIES

We generalize the Novikov inequalities for 1-forms in two different directions: first, we allow non-isolated critical points (assuming that they are non-degenerate in the sense of R.Bott), and, secondly, we strengthen the inequalities by means of twisting by an arbitrary flat bundle. We also obtain an L 2 version of these inequalities with finite von Neumann algebras. The proof of the main theorem uses Bismut's modification of the Witten deformation of the de Rham complex; it is based on an explicit estimate on the lower part of the spectrum of the corresponding Laplacian.