A parametrisation of the real photon structure function F_2^gamma in the low Q^2, low x region is formulated. It includes both the VMD and the QCD components, the latter suitably extrapolated to the low Q^2 region and based on arbitrary parton distributions in the photon. The parametrisation used together with the GRV and GRS' parton densities describes reasonably well the existing high energy data on F_2^gamma, sigma(gamma,gamma) and the low Q^2 data on sigma(gamma^*, gamma). Predictions for

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... gma(gamma,gamma) and for sigma(gamma^* ,gamma) for energies which may become accessible in future linear colliders are also given.