The annihilation ($) over bar pp --> phi gamma has been investigated w
ith the Crystal Barrel detector at LEAR for antiprotons stopped in liq
uid hydrogen. The observed branching ratio BR(($) over bar pp --> phi
gamma) = (1.7 +/- 0.4). 10(-5) is almost two orders of magnitude highe
r than expected from the OZI-rule, As a by-product, the branching rati
os BR(($) over bar pp --> KLKS) = (9.0 +/- 0.6). 10(-4) and BR(($) ove
r bar pp --> phi pi(0)) = (5.5 +/- 0.7). 10(-4) have been measured.