Scattering of fundamental states of type IIB supergravity and superstring
theory is discussed at low orders in perturbation theory in the background of a
D-instanton. The integration over fermionic zero modes in both the low energy
supergravity and in the string theory leads to explicit nonperturbative terms
in the effective action. These include a single instanton correction to the
known tree-level and one-loop R4 interactions. The `spectrum' of
multiply-charged D-instantons is deduced by T-duality in nine dimensions from
multiply-wound world-lines of marginally-bound D-particles. This, and other
clues, lead to a conjectured SL(2,Z) completion of the R4 terms which
suggests that they are not renormalized by perturbative corrections in the
zero-instanton sector beyond one loop. The string theory unit-charged
D-instanton gives rise to point-like effects in fixed-angle scattering, raising
unresolved issues concerning distance scales in superstring theory.Comment: 31 pages, 6 figures, Latex, Reference added, corrected coefficients
in expansion of generalized Eisenstein series in equation 66 now agree with
hep-th/970414