  Strange baryon pair 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 91 GeV to 208 GeV, corresponding to an integrated
luminosity of 844 pb-1. The processes gamma gamma -> Lambda Anti-lambda and
gamma gamma -> Sigma0 Anti-sigma0 are identified. Their cross sections as a
function of the gamma gamma centre-of-mass energy are measured and results are
compared to predictions of the quark-diquark model.
