We discuss the application of Gutzwiller's semiclassical theory to a c
ircular billiard with a singular magnetic flux line added at its cente
r. The Aharonov-Bohm effect manifests itself through the cancellation
of periodic orbits for particular flux strengths. Diffraction phenomen
a affect the gross-shell structure of the level density and require co
rrections of higher order in h. The full quantization of the level spe
ctrum, however, is much less affected.