We clarify the mass dependence of the effective prepotential in N = 2
supersymmetric SU(N-c) gauge theories with an arbitrary number N-f < 2
N(c) of flavors, The resulting differential equation for the prepotent
ial extends the equations obtained previously for SU(2) and for zero m
asses, It can be viewed as an exact renormalization group equation for
the prepotential, with the beta function given by a modular form. We
derive an explicit formula for this modular form when N-f = 0, and ver
ify the equation to 2-instanton order in the weak-coupling regime for
arbitrary N-f and N-c. We also extend the renormalization group equati
on to the case of other classical gauge groups. (C) 1997 Elsevier Scie
nce B.V.