The physics of diffractive vector meson production in virtual photon nucleon
scattering at NMC energies is reviewed. A particular attention is paid to the
physical aspects of the reaction and how they influence the observables. The
reaction is a good probe to investigate both soft exchange mechanisms and
hadronic wave functions. Extension to either HERA or ELFE kinematics is
sketched out.Comment: Contribution to the workshop "ELFE at DESY" (St-Malo, Sep. 96), 15
pages, LaTeX file, 8 figures, uses eps