We extend our previous results on the relation between quaternion-Kahler ma
nifolds and hyperkahler cones and we describe how isometries, moment maps a
nd scalar potentials descend from the cone to the quaternion-Kahler space.
As an example of the general construction, we discuss the gauging and the c
orresponding scalar potential of hypermultiplets with the unitary Wolf spac
es as target spaces. This class includes the universal hypermultiplet. (C)
2001 Published by Elsevier Science B.V.