We report on the handbag contribution to two-photon annihilation into pion
and kaon pairs at large energy and momentum transfer. The underlying physics of
the mechanism is outlined and characteristic features and predictions are
presented.Comment: 6 pages, 4 figures, uses ws-procs9x6.cls. Talk presented at workshops
QCD-N'02, Ferrara, Italy, April 3-6, and Exclusive Processes at High Momentum
Transfer, Jefferson Lab, Newport News, VA, USA, May 15-18, 200