We show that the part of the tree-level open string effective action for the
non-abelian vector field which depends on the field strength but not on its
covariant derivatives, is given by the symmetrised trace of the direct
non-abelian generalisation of the Born-Infeld invariant. We discuss
applications to D-brane dynamics.Comment: 13 pages, harvmac. Some confusion about instanton matrix model
solutions corrected (string solution is interpreted as a D-string bound to a
large number of D-instantons