  We study the extended supersymmetric quantum mechanics, with supercharges
transforming in the fundamental representation of U(N|M), as realized in
certain one-dimensional nonlinear sigma models with Kaehler manifolds as target
space. We discuss the symmetry algebra characterizing these models and, using
operatorial methods, compute the heat kernel in the limit of short propagation
time. These models are relevant for studying the quantum properties of a
certain class of higher spin field equations in first quantization.
