MASSIVE BLACK HOLES AND LIGHT ELEMENT NUCLEOSYNTHESIS IN A BARYONIC UNIVERSE Nickolay Y. Gnedin, Jeremiah P. Ostriker Princeton University Observatory, Princeton, NJ 08540 Martin J. Rees Institute of Astronomy, Cambridge CB3 OHA, England ABSTRACT We re-examine the model proposed by Gnedin and Ostriker (1992) in which Jeans' mass black holes ($M_{\rm BH}\approx10^6\msun$) form shortly after decoupling. There is no nonbaryonic dark matter in this model, but we examine the possibility that $\Omega_b$ is considerably larger than given by normal nucleosynthesis. Here we allow for the fact that much of the high baryon-to-photon ratio material will collapse, leaving the universe of remaining material with light element abundances more in accord with the residual baryonic density ($\sim10^{-2}$) than with $\Omega_0$ and the initial baryonic density ($\sim10^{-1}$). We find that no reasonable model can be made with random phase density fluctuations, if the power on scales smaller than $10^6\msun$ is as large as expected. However, phase correlated models of the type that might occur in connection with topological singularities can be made with $\Omega_b h^2=0.013\pm0.001$, $0.15\la\Omega_0\la0.4$ which are either flat ($\Omega_\Lambda=1-\Omega_0$) or open ($\Omega_\Lambda=0$) and which satisfy all the observational constraints which we apply, including the large baryon to total mass ratio found in the X-ray clusters. The remnant baryon density is thus close to that obtained in the standard picture ($\Omega_b h^2=0.0125\pm0.0025$, Walker et al 1991). The spectral index implied for fluctuations in the baryonic isocurvature scenario, $-1