Search for the decay B^{0}→γγ

We report the result of a search for the rare decay B0→γγ in 426 fb-1 of data, corresponding to 226×106 B0B̅ 0 pairs, collected on the Υ(4S) resonance at the PEP-II asymmetric-energy e+e- collider using the BABAR detector. We use a maximum likelihood fit to extract the signal yield and observe 21-12+13 signal events with a statistical significance of 1.8σ. This corresponds to a branching fraction B(B0→γγ)=(1.7±1.1(stat.)±0.2(syst.))×10-7. Based on this result, we set a 90% confidence level upper limit of B(B0→γγ)<3.2×10-7.