A natural SL(2,Z) invariant generalization of the Veneziano amplitude in type
IIB superstring theory is investigated. It includes certain perturbative and
non-perturbative (D-instanton) contributions, and it reduces to the correct
expressions in different limits. The singularities are poles in the s-t-u
channels, corresponding to the exchange of particles with a mass spectrum
coinciding with that of (p,q) string states. We describe the general
structure of the associated perturbative corrections to the effective action.Comment: Version appeared in Phys.Lett. B. Discussion expanded. 7 pages,
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