  The method of light-cone QCD sum rules is applied to the calculation of the
form factors of $\gamma^*\rho \to \pi$ and $\gamma^*\gamma \to \pi^0$
transitions. We consider the dispersion relation for the
$\gamma^*(Q^2)\gamma^*(q^2) \to \pi^0$ amplitude in the variable $q^2$. At
large virtualities $q^2$ and $Q^2$, this amplitude is calculated in terms of
light-cone wave functions of the pion. As a next step, the light-cone sum rule
for the $\gamma^*(Q^2) \rho \to \pi $ form factor is derived. This sum rule,
together with the quark-hadron duality, provides an estimate of the hadronic
spectral density in the dispersion relation. Finally, the $\gamma^*(Q^2)\gamma
\to \pi^0$ form factor is obtained taking the $q^2=0$ limit in this relation.
Our predictions are valid at $Q^2 \geq 1 {GeV}^2$ and have a correct asymptotic
behaviour at large $Q^2$.
