Effective Action - A Convergent Series - of QED

The one-loop effective action of QED obtained by Euler and Heisenberg and by Schwinger has been expressed by an asymptotic perturbative series which is divergent. In this letter we present a non-perturbative but convergent series of the effective action. With the convergent series we establish the existence of the manifest electric-magnetic duality in the one loop effective action of QED.