Abstract: In this work, we investigate the reaction of gamma gamma -> D (D) over bar, taking into account the S-wave D (D) over bar final state interaction. By fitting to the D (D) over bar, invariant mass distributions measured by the Belle and BABAR Collaborations, we obtain a good reproduction of the data by means of a D (D) over bar, amplitude that produces a bound D (D) over bar, statewith isospin I = 0 close to threshold. The error bands of the fits indicate, however, that more precise data on this reaction are needed to be more assertive about the position and width of such a state.