M[any] vacua of IIB

Description of the spectrum of fluctuations around a commutative vacuum solution, as well as around a solution with degenerate commutator in IIB matrix model is given in terms of supersymmetric Yang-Mills (YM) model. We construct explicitly the map from Hermitian matrices to YM fields and study the dependence of the spectrum and respective YM model on the symmetries of the solution. The gauge algebra of the YM model is shown to contain local reparameterisation algebra as well as Virasoro one. (author)