  We present measurements of the branching fraction and time-dependent CP
asymmetries in B0->J/Psi pi0 decays based on (231.8 +/- 2.6)*10^6 Upsilon(4S)
-> BBbar decays collected with the BaBar detector at the PEP-II
asymmetric-energy B factory at SLAC during the years 1999-2004. We obtain a
branching fraction B(B0->J/Psi pi0) = (1.94 +/- 0.22 (stat) +/- 0.17
(syst))*10^-5. We also measure the CP asymmetry parameters C = -0.21 +/- 0.26
(stat) +/- 0.09 (syst) and S = -0.68 +/- 0.30 (stat) +/- 0.04 (syst). All
results presented in this paper are preliminary.
