Title:Lambda-bar(Lambda) Formation in Two-Photon Collisions at LEP. The reaction e+e- --->e+e-Lambda-bar(Lambda) is studied with the L3 detector at LEP using data collected at centre-of-mass energies from 91 GeV to 202 GeV. The formation of Sigma0-bar(Sigma)0 is also studied. The cross sections are compared to quark-diquark model predictions. Parallel sessions: 1, 2, 6 Plenary sessions: 12