We study the symmetry structure of N = 8 quantum mechanics, and apply
it to the physics of D0-brane probes in type I' string theory. We focu
s on the theory with a global Spin(8) R symmetry which arises upon dim
ensional reduction from 2d field theory with (0,8) supersymmetry. Ther
e are several puzzles involving supersymmetry which we resolve. In par
ticular, by taking into account the gauge constraint and central charg
e we explain how the system preserves supersymmetry despite having dif
ferent numbers of bosonic and fermionic variables. The resulting zero-
point energy leads to a Linear potential consistent with supersymmetry
, and the metric is largely unconstrained. We discuss implications for
type I' string theory and the matrix model proposal for M theory. (C)
1997 Elsevier Science B.V.