We demonstrate that the QCD sum rule method can be successfully applied to
the calculation of CP-odd electromagnetic observables induced by a vacuum t
heta-angle, We implement the approach in calculating the electric dipole mo
ment of the rho meson to similar to 30% precision, and find that the result
can also be explicitly related to the vacuum topological susceptibility. (
C) 1999 Elsevier Science B.V. All rights reserved.