More on the connection between planar field theory and string theory

We continue work on the connection between world sheet representation of the planar phi(3) field theory and string formation. The present article, like the earlier work, is based on the existence of a solitonic solution on the world sheet, and on the zero mode fluctuations around this solution. The main advance made in this paper is the removal of the cutoff and the transition to the continuum limit on the world sheet. The result is an action for the modes whose energies remain finite in this limit ( light modes). The expansion of this action about a dense background of graphs on the world sheet leads to the formation of a string.