We present a preequilibrium model for nucleons with incident energies from 7 to 200 MeV, for nuclides in the mass range A ⩾ 24. This is accomplished by a new global approach for the two‐component exciton model which, together with the complementary compound and direct reaction mechanisms, enables a description of continuum energy spectra over the whole outgoing energy range. We develop new forms for the internal transition rates with collision probabilities based on a recent optical‐model potential. To connect with conventional semi‐classical analyses, we derive from this approach a new energy‐dependent form for the average square matrix element M2. We include surface effects and multiple preequilibrium emission up to any order. To assess the predictive power of our model, we have tested it against a complete experimental database of (n,xn), (n,xp), (p,xn), and (p,xp) spectra. In this paper we will show some examples.

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