Loop Corrections to the Universal Hypermultiplet

The universal hypermultiplet arises as a subsector of every Calabi-Yau compactification of M-theory or Type II string theory. Classically its moduli space is the quaternionic space $SU(2,1)/U(2)$. We show that this moduli space receives a one-loop correction proportional to the Euler character of the Calabi-Yau, which can locally be absorbed by a certain constant shift of the fields. The correction vanishes in the limit that the Planck mass is taken to infinity, and hence is essentially gravitational in nature.