lt is argued that the lw-energy dynamics of k-monopoles in N = 2 super
symmetric Yang-Mills theory are determined by an N = 4 supersymmetric
quantum mechanics based on the moduli space of k static monople soluti
ons. This generalises Manton's ''geodesic approximation'' for studying
the low-energy dynamics of (bosonic) BPS monopoles. We discuss some a
spects of the quantisation and in particular argue that Dolbeault coho
mology classes of the moduli space are related to bound states of the
full quantum field theory.