Optical measurements were performed on thin films of RbxC60, identifie
d by x-ray diffraction as mostly x = 1 material. The samples were subj
ected to various heat treatments, including quenching and slow cooling
from 400 K. The dramatic increase in the transmission of the quenched
samples, and the relaxation towards the transmission observed in slow
-cooled samples, provides direct evidence for the existence of a metas
table insulating phase. Slow cooling results in a phase transition bet
ween two electrically conducting phases.