Abstract
It is shown that the anomalous constant S associated with the soft π02γ decay amplitude is determined by a product of high-energy electroproduction and annihilation cross sections. A similar result holds for the coupling of the trace of the stress-energy tensor to photons. Wilson's theory of broken scale invariance is assumed. We observe that the Fritzsch-Gell-Mann algebra of bilocal operators uniquely specifies disconnected contributions, and, in particular, implies S=16, the quark field-theoretic value.

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