  Studying the instanton-induced contributions to various hard exclusive
reactions provides physical insight into the transition from the
non-perturbative to the perturbative regime of QCD. To this end, we study the
leading-instanton contribution to the electro-magnetic and transition
formfactors, using an effective theory of the Instanton Liquid Model. We report
predictions for the space-like electro-magnetic formfactor of the pion, as well
as recent results for the Dirac formfactor of the proton.
