It is well known that the compactly supported wavelets cannot belong to the class
${{C}^{\infty }}\,(\text{R})\,\cap \,{{L}^{2}}\,(R)$. This is also true for wavelets with exponential decay. We show that one can construct wavelets in the class
${{C}^{\infty }}\,(\text{R})\,\cap \,{{L}^{2}}\,(R)$ that are “almost” of exponential decay and, moreover, they are band-limited. We do this by showing that we can adapt the construction of the Lemarié-Meyer wavelets
$[\text{LM }\!\!]\!\!\text{ }$ that is found in
$[\text{BSW}]$ so that we obtain band-limited,
${{C}^{\infty }}$-wavelets on
$R$ that have subexponential decay, that is, for every
$0<\varepsilon <1$, there exits
${{C}_{\in }}\,>\,0$ such that
$|\psi (x)|\le {{C}_{\varepsilon }}{{e}^{-|x{{|}^{1-\varepsilon }}}}$,
$x\in \text{R}$. Moreover, all of its derivatives have also subexponential decay. The proof is constructive and uses the Gevrey classes of functions.