A sample of Lambda's produced in 2 A*GeV Ni + Cu collisions has been obtained
with the EOS Time Projection Chamber at the Bevalac. Low background in the
invariant mass distribution allows for the unambiguous demonstration of Lambda
directed flow. The transverse mass spectrum at mid-rapidity has the
characteristic shoulder-arm shape of particles undergoing radial transverse
expansion. A linear dependence of Lambda multiplicity on impact parameter is
observed, from which a total Lambda + Sigma^0 production cross section of $112
+/- 24 mb is deduced. Detailed comparisons with the ARC and RVUU models are
made.Comment: Revised version accepted for publication in Phys. Lett.