  We compute the spectrum of quarter BPS dyons in freely acting Z_2 and Z_3
orbifolds of type II string theory compactified on a six dimensional torus. For
large charges the result for statistical entropy computed from the degeneracy
formula agrees with the corresponding black hole entropy to first non-leading
order after taking into account corrections due to the curvature squared terms
in the effective action. The result is significant since in these theories the
entropy of a small black hole, computed using the curvature squared corrections
to the effective action, fails to reproduce the statistical entropy associated
with elementary string states.
