Abstract: A packaging machine comprises a transfer device for inserting a product into a package, and a circulating leaflet transport device comprising a plurality of tong-like holders, each receiving one leaflet and by means of which the leaflet can be disposed between the product and the package in the region of the transfer device for insertion, together with the product, into the package. A stop is disposed in the region of the transfer device and in the transport path of the tong-like holder to open the holder for releasing the leaflet. If there is no package in the transfer station, the stop can be removed from the transport path of the tong-like holders into a non-operating position, for passage of a holder without opening thereof.