We study axion-dilaton cosmologies derived from the low-energy string
effective action. We present the classical homogeneous Friedmann-Roher
tson-Walker solutions and derive the semiclassical perturbation spectr
a in the dilaton, axion, and moduli fields in the pre-big-bang scenari
o. By constructing the unique S-duality-invariant field perturbations
for the axion and dilaton fields we derive S-duality-invariant solutio
ns, valid when the axion field is time dependent as well as in a dilat
on-vacuum cosmology. Whereas the dilaton and moduli fields have steep
blue perturbation spectra (with spectral index n = 4) we find that the
axion spectrum depends upon the expansion rate of the internal dimens
ions (0.54<n less than or equal to 4) which allows scale-invariant (n
= 1) spectra. We note that for n less than or equal to 1 the metric is
nonsingular in the conformal frame in which the axion is minimally co
upled.