We report on the observation of collapse and revival of the fringe pat
tern in a multiple-beam atom interferometer, when the drift time betwe
en the beam splitting processes is varied. The atomic beam splitters a
re realized with laser pulses pumping the atoms into velocity selectiv
e dark states. For small drift times, the interference signal shows th
e sharply peaked Airy function-like pattern characteristic for multipl
e-beam interference. The fringe pattern collapses for larger drift; ti
mes due to a recoil phase shift increasing quadratically with the tran
sverse atomic momentum. When the total interaction time reaches an int
eger multiple of the inverse two-photon recoil energy in frequency uni
ts, the original fringe pattern is revived.