It is demonstrated that the low-frequency, k/sub parallel//k/sub perpendicular/ approx. = 0 normal modes of an axisymmetric plasma, at large but finite toroidal mode number n, can be obtained by solving a novel WKB problem involving an infinite number of branches. Formulae for the frequencies of periodic normal modes are derived. The analysis is performed in the context of an ideal MHD model, and comparison is made with numerical ballooning mode results.