The reaction e^+e^- -> e^+e^- proton antiproton is studied with the L3 detector at LEP. The analysis is based on data collected at e^+e^- center-of-mass energies from 183 GeV to 209 GeV, corresponding to an integrated luminosity of 667 pb^-1. The gamma gamma -> proton antiproton differential cross section is measured in the range of the two-photon center-of-mass energy from 2.1 GeV to 4.5 GeV. The results are compared to the predictions of the three-quark and quark-diquark models.
Exclusive rho^+ rho^- production in two-photon collisions involving a single highly-virtual photon is studied with data collected at LEP at centre-of-mass energies 89 GeV < \sqrt{s} < 209 GeV with a total integrated luminosity of 854.7 pb^-1. The cross section of the process gamma gamma^* -> rho^+ rho^- is determined as a function of the photon virtuality, Q^2, and the two-photon centre-of-mass energy, W_gg, in the kinematic region: 1.2 GeV^2 < Q^2 < 30 GeV^2 and 1.1 GeV < W_gg < 3 GeV. The \rho^+\rho^- production cross section is found to be of the same magnitude as the cross section of the process gamma gamma^* -> rho^0 rho^0, measured in the same kinematic region by L3, and to have similar W_gg and Q^2 dependences.