We consider the exclusive production of J/psi mesons in polarized virt
ual-photon-proton collisions. We derive helicity amplitudes for the do
minant subprocess gammag-->J/psi g and show that polarization asymmet
ries vanish in the case of collinear scattering. Thus, contrary to wha
t has been suggested earlier, this process is not a good probe of the
polarized gluon distribution Delta g(x,Q(2)) of the proton. (C) 1998 E
lsevier Science B.V. All rights reserved.