Supersymmetric photonic signals at LEP

We explore and contrast the single-photon and diphoton signals expected at LEP 2, that arise from neutralino-gravitino (e^+ e^- -> chi + gravitino -> gamma + E_miss) and neutralino-neutralino (e^+ e^- -> chi + chi -> gamma + gamma + E_miss) production in supersymmetric models with a light gravitino. LEP 1 limits imply that one may observe either one, but not both, of these signals at LEP 2, depending on the values of the neutralino and gravitino masses: single-photons for m_chi > Mz and m_gravitino < 3 x 10^-5 eV; diphotons for m_chi < Mz and all allowed values of m_gravitino.