  The proton emission induced by polarized photons is studied in the energy
range above the giant resonance region and below the pion emission threshold.
Results for the 12C, 16O and 40Ca nuclei are presented. The sensitivity of
various observables to final state interaction, meson exchange currents and
short range correlations is analyzed. We found relevant effects due to the
virtual excitation of the $\Delta$ resonance.
