  The H1 and ZEUS Collaborations report new results on elastic VM cross-section
and trajectory determination. Elastic VM production appears to be independent
of the photon polarization. The presence of non-zero shrinkage in the
photoproduction of J/psi indicates the presence of soft physics. Accumulated
data do not accommodate a universal Pomeron trajectory. The steepness of the x
dependence of elastic VM production with changing Q^2+M_V^2 is similar to that
of F_2 with changing Q^2.
