Abstract
The pion residue is obtained as an integral over the relevant photoproduction amplitude following the usual prescription of the finite-energy sum rule. The latter, studied as a function of t, reveals the following interesting features of the pion residue. It is nonzero at t=0 (thus showing pion conspiracy), but vanishes around 1.5μ2, as required by high-energy data. The magnitude of the residue at t=0 also agrees extremely well with that obtained from the high-energy forward photoproduction cross section.