We present a measurement of the hadronic structure function F 2 γ ( x , Q 2 ) of the photon in the Q 2 range from 10 to 100 GeV 2 . Data were taken with the PLUTO detector at the e + e - storage ring PETRA. This measurement and previous PLUTO measurements in the Q 2 range of 1.5 to 16 GeV 2 are compared with higher order QCD calculations. The structure function is consistent with the predicted log Q 2 behaviour when charm contributions are subtracted. The x dependence can be well described for 0.1 < x < 0.9 by the regularization scheme of Antoniadis and Grunberg. Within their scheme the data yield a value of Λ MS = 183 + 65/ −40( stat. ) + 46/ −36( sys. ) MeV for the QCD scale parameter.
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