  A four-nucleon calculation of the total ^4He photodisintegration cross
section is performed. The full final-state interaction is taken into account
for the first time. This is achieved via the method of the Lorentz integral
transform. Semi-realistic NN interactions are employed. Different from the
known partial two-body ^4He(\gamma,n)^3He and ^4He(\gamma,p)^3H cross sections
our total cross section exhibits a pronounced giant resonance. Thus, in
contrast to older $(\gamma,np)$ data, we predict quite a strong contribution of
the $(\gamma,np)$ channel at the giant resonance peak energy.
