We study the spin dependence of D-brane dynamics in the Green-Schwarz
formalism of boundary states. In particular we show how to interpret i
nsertion of supercharges on the boundary state as sources of non-unive
rsal spin effects in D-brane potentials. In this way we find for a gen
eric (D)p-brane, potentials going like upsilon(4-n)/r(7-p+n) correspon
ding to interactions between the different components of the D-brane s
upermultiplet. From the eleven dimensional point of view these potenti
als arise from the exchange of field strengths corresponding to the gr
aviton and the three form, coupled non-minimally to the branes. We sho
w how an annulus computation truncated to its massless contribution is
enough to reproduce these next-to-leading effects, meaning in particu
lar that the one-loop (M)atrix theory effective action should encode a
ll the spin dependence of low-energy supergravity interactions. (C) 19
98 Elsevier Science B.V.