  By extending our previous isobar model to the K^0Lambda isospin channel we
investigate the properties of the K^0Lambda photo- and electroproduction at
energies near threshold. It is found that the pseudovector (PV) coupling yields
significantly larger cross section. Variation of the K_1 coupling constants has
significant effect only on the PV model. The electromagnetic form factor of the
neutral kaon K^0 is found to have a sizable effect on the longitudinal cross
section of the K^0Lambda electroproduction near the threshold.
