  Color Magnitude Diagrams (CMDs) of individual stars in 8 Globular Clusters in
M31 down to about 1 mag fainter (V$\sim 26.5$) than the Horizontal Branch have
been obtained with the Hubble Space Telescope. In particular, we observed G280
and G351 with the FOC (f/96+F430W, f/96+F480LP) while the WFPC2 (F555W,F814W)
frames for G1,G58,G105,G108,G219+Bo468 were retrieved from the HST archive. The
cluster metallicities -\fe- range from -1.8 to -0.4. Coupled with sufficiently
accurate (to $\sim\pm0.1$ mag) measures of the mean brightness of the HB
--\vhb--, appropriate estimates of reddening for each cluster, and the adoption
of a distance modulus to M31 of \dmo = 24.43, this has allowed us to yield a
direct calibration for the mean absolute magnitude of the HB at the instability
strip --\mv-- with varying \fe: M_V^{HB} = (0.13 \pm 0.07)\fe + (0.95 \pm
0.09), where the associated errors result from the adopted global errors in the
measure and best fitting procedures. The slope of the derived relation is fully
consistent with that predicted by the standard and canonical models
($\sim0.15$) and obtained by various ground-based observations, while it is
only marginally compatible with higher values ($\sim0.30$), also obtained in
the past. The zero-point, which is crucial to absolute age determinations,
depends on the adopted distance to M31 and is moreover affected by an
additional error due to the residual uncertainties in the \hst photometric
zero-points ($\sim0.05$ mag, at least). If confirmed, such a calibration of the
\mv \vs \fe relationship would imply old absolute ages ($> 16$Gyr) for the
oldest Galactic globulars and fairly small age spread among those having a
constant magnitude difference between the Main-Sequence Turnoff and the HB.
