We study the spectrum of BPS states in N=4 supersymmetric U(N) Yang-Mills
theory. This theory has been proposed to describe M-theory on T^3 in the
discrete light-cone formalism. We find that the degeneracy of irreducible BPS
bound states in this model exhibits a (partially hidden) SL(5,Z) duality
symmetry. Besides the electro-magnetic symmetry, this duality group also
contains Nahm-like transformations that interchange the rank N of the gauge
group with some of the magnetic or electric fluxes. In the M-theory
interpretation, this mapping amounts to a reflection that interchanges the
longitudinal direction with one of the transverse directions.Comment: 16 pages, Latex, no figures. Some eqns in section 4 on Nahm duality
correcte