Konrad Oberhuber returned again and again to Giulio Campagnola's prints and drawings, without, however, taking up the problem of his activity as a painter. After reviewing the contemporary evidence for the artist's paintings, together with past attributions, this essay proposes the so-called Faun in the Alte Pinakothek, Munich, as his work. While disputed between Correggio, Palma Vecchio, and Giorgione, among others, the Munich panel resembles another tiny picture of Mars and Venus, convincingly ascribed to Giulio, in the Brooklyn Museum, as well as comparable portrayals in his graphics. The actual subject would appear to be the ancient Daphnis, reputedly the inventor of the pastoral.