  The reactions e^+e^- -> e^+e^- Lambda X and e^+e^- -> e^+e^- Lambda X are
studied using data collected at LEP with the L3 detector at centre-of-mass
energies between 189 and 209 GeV. Inclusive differential cross sections are
measured as a function of the lambda transverse momentum, p_t, and
pseudo-rapidity, eta, in the ranges 0.4 GeV < p_t < 2.5 GeV and |\eta| < 1.2.
The data are compared to Monte Carlo predictions. The differential cross
section as a function of p_t is well described by an exponential of the form A
exp (- p_t / <p_t>)$.
