This is a short note on the relation of the Matrix model with the non-commu
tative geometry of the 11-dimensional supermembrane. We put forward the ide
a that M-theory is described by the 't Hooft topological expansion of the M
atrix model in the large N-limit where all topologies of membranes appear.
This expansion can faithfully be represented by the Moyal Yang-Mills theory
of membranes. We discuss this conjecture in the case of finite N, where th
e non-commutative geometry of the membrane is given be the finite quantum m
echanics. The use of the finite dimensional representations of the Heisenbe
rg group reveals the cellular structure of a toroidal supermembrane on whic
h the Matrix model appears as a non-commutatutive Yang-Mills theory. The Mo
yal star product on the space of functions in the case of rational values o
f the Planck constant (h) over bar represents exactly this cellular structu
re. We also discuss the integrability of the instanton sector as well as th
e topological charge and the corresponding Bogomol'nyi bound. (C) 1999 Publ
ished by Elsevier Science B.V. All rights reserved.