In heterotic string theory compactified on T , the T-duality orbits of dyons of charge (Q,P ) are characterized by O(6, 22; R ) invariants Q, P 2 and Q · P together with a set of invariants of the discrete T-duality group O(6, 22; ZZ). We study the action of S-duality group on the discrete T-duality invariants and study its consequence for the dyon degeneracy formula. In particular we find that...