The connection between the proper time equation and the Zamolodchikov
metric is discussed. The connection is twofold. First, as already know
n, the proper time equation is the product of the Zamolodchikov metric
and the renormalization group beta function. Second, the condition th
at the two-point function is the Zamolodchikov metric implies the prop
er time equation. We study the massless vector of the open string in d
etail. In the exactly calculable case of a uniform electromagnetic fie
ld strength we recover the Born-Infeld equation. We describe the syste
matics of the perturbative evaluation of the gauge-invariant proper ti
me equation for the massless vector field. The method is valid for non
uniform fields and gives results that are exact to all orders in deriv
atives. As a nontrivial check, we show that in the limit of uniform fi
elds it reproduces the lowest order Born-Infeld equation.