  Content : 1) The leading twist pion wave function, 2) "Improved" QCD sum
rules with non-local condensates, 3) Pion and kaon form factors and charmonium
decays: theory vs experiment, 4) \gamma^{*}\gamma\pi^{o} - form factor, 5) The
new non-local axial anomaly, 6) Cross sections \gamma\gamma --> \pi^+\pi^-,
K^+K^-, K_S K_S .
