Abstract
The string theory defined by gauging $\W_{\infty/2}$, the sub-algebra of $\W_{\infty}$ generated by the currents of even spin, is discussed. The critical value of the central charge is calculated using zeta-function techniques and shown to be . A critical string theory is constructed by coupling a free boson to $\W_{\infty/2}$-gravity and the physical states are analysed.
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