We reconsider the DMO sum rule in light of our recent two-loop calcula
tions of isospin and hypercharge vector and axialvector current propag
ators in chiral perturbation theory. A modified derivation valid to se
cond order in the light quark masses is presented, and a phenomenologi
cal analysis yields determination of a combination of finite counterte
rms occurring in the p(4) and p(6) chiral lagrangians. Suggestions are
given for further study. (C) 1997 Elsevier Science B.V.