  We review the present level of knowledge of the hadronic structure of the
photon, as revealed in interactions involving quarks and gluons ``in" the
photon. The concept of photon structure functions is introduced in the
description of deep--inelastic $e \gamma$ scattering, and existing
parametrizations of the parton densities in the photon are reviewed. We then
turn to hard \gamp\ and \gaga\ collisions, where we treat the production of
jets, heavy quarks, hard (direct) photons, \jpsi\ mesons, and lepton pairs. We
also comment on issues that go beyond perturbation theory, including recent
attempts at a comprehensive description of both hard and soft \gamp\ and \gaga\
interactions. We conclude with a list of open problems.
