For fields that vary slowly on the scale of the lightest mass the loga
rithm of the vacuum functional of a massive quantum field theory can b
e expanded in terms of local functionals satisfying a form of the Schr
odinger equation, the principal ingredient of which is a regulated fun
ctional Laplacian. We construct to leading order a Laplacian for the O
(N) sigma-model that acts on such local functionals. It is determined
by imposing rotational invariance in the internal space together with
closure of the Poincare algebra.