Let L be a proper differentiation invariant subspace of C-infinity (a, b) such that the restriction operator d/dx vertical bar L has a discrete spectrum Lambda (counting with multiplicities). We prove that L is spanned by functions vanishing outside some closed interval I subset of (a, b) and monomial exponentials x(k)e(lambda x) corresponding to Lambda if its density is strictly less than the critical value vertical bar I vertical bar/2 pi, and moreover, we show that the result is not necessarily true when the density of Lambda equals the critical value. This answers a question posed by the first author and B. Korenblum. Finally, if the residual part of L is trivial, then L is spanned by the monomial exponentials it contains. (C) 2015 Else...