We study the exclusive (gamma, pi- p) reaction in the framework of the
delta-hole approach and compare our results to MIT-Bates data for O-1
6 at 360 MeV. The data at backward pion angle are in good agreement wi
th theory but the data at forward pion angle cannot be explained. The
discrepancy persists even if proton-knockout induced by a direct delta
-nucleon interaction is included.