  In some models of quantum gravity, space-time is thought to have a foamy
structure with non-trivial optical properties. We probe the possibility that
photons propagating in vacuum may exhibit a non-trivial refractive index, by
analyzing the times of flight of radiation from gamma-ray bursters (GRBs) with
known redshifts. We use a wavelet shrinkage procedure for noise removal and a
wavelet `zoom' technique to define with high accuracy the timings of sharp
transitions in GRB light curves, thereby optimizing the sensitivity of
experimental probes of any energy dependence of the velocity of light. We apply
these wavelet techniques to 64 ms and TTE data from BATSE, and also to OSSE
data. A search for time lags between sharp transients in GRB light curves in
different energy bands yields the lower limit $M \ge 6.9 \cdot 10^{15}$ GeV on
the quantum-gravity scale in any model with a linear dependence of the velocity
of light $~ E/M$. We also present a limit on any quadratic dependence.
