Inclusive $\mathrm{J/\Psi}$ production in two-photon collisions is studied
with
the L3 detector at LEP. The analysis is based on data collected at
$e^+e^-$ centre-of-mass energies from 189 GeV to 209 GeV, corresponding to
an integrated luminosity of 627 pb$^{-1}$. The visible cross section 
and differential cross sections as functions of the transverse momentum
and pseudorapidity of the $\mathrm{J/\Psi}$ mesons are measured.
The results are preliminary.