  We study the deflection of light (and the redshift, or integrated time delay)
caused by the time-dependent gravitational field generated by a localized
material source lying close to the line of sight. Our calculation explicitly
takes into account the full, near-zone, plus intermediate-zone, plus wave-zone,
retarded gravitational field. Contrary to several recent claims in the
literature, we find that the deflections due to both the wave-zone 1/r
gravitational wave and the intermediate-zone 1/r^2 retarded fields vanish
exactly. The leading total time-dependent deflection caused by a localized
material source, such as a binary system, is proven to be given by the
quasi-static, near-zone quadrupolar piece of the gravitational field, and
therefore to fall off as the inverse cube of the impact parameter.
