A topological gravity is obtained by twisting the effective (2,0)
super\-gravity. We show that this topological gravity has an infinite number of
BRST invariant quantities with conformal weight 0. They are a tower of
OSp(2,2) multiplets and satisfy the classical exchange algebra of OSp(2,2).
We argue that these BRST invariant quantities become physical operators in the
quantum theory and their correlation functions are braided according to the
quantum OSp(2,2) group. These properties of the topological effective gravity
are not shared by the standard topological gravity.Comment: 15 pages, Plain TEX, KUL-TF-93/4