We present a reduction of the anti-self-dual Yang-Mills (ASDYM) equations t
o a system of partial differential equations (PDEs) introduced recently by
Nijhoff et al. (Phys. Lett. A 267 (2000) 147). An auto-Backlund transformat
ion of the reduced system is also presented. The system under consideration
is related to a fourth-order nonlinear PDE of the Schwarzian type. The sym
metry group of the latter equation is calculated and similarity reductions
to the Schwarzian equation and the full Painleve III, V and VI are presente
d. (C) 2001 Elsevier Science B.V. All rights reserved.