We study limits of four-dimensional type II Calabi-Yau compactificatio
ns with vanishing 4-cycle singularities, which are dual to T-2 compact
ifications of the six-dimensional non-critical string with E-8 symmetr
y, We define proper sub-sectors of the full string theory, which can b
e consistently decoupled. In this way we obtain rigid effective theori
es that have an intrinsically stringy BPS spectrum, Geometrically the
moduli spaces correspond to special geometry of certain non-compact Ca
labi-Yau spaces of an intriguing form, An equivalent description can b
e given in terms of Seiberg-Witten curves, given by the elliptic simpl
e singularities together with a peculiar choice of meromorphic differe
ntials. We speculate that the moduli spaces describe non-perturbative
non-critical string theories, (C) 1997 Elsevier Science B.V.