We present room temperature femtosecond reflection studies on the phot
ocarrier dynamics of GaAs and GaAs/AlGaAs multiple quantum wells (MQW)
. A rising wing with a time constant of about 5 ps and an increased am
plitude per carrier is observed for the MQW sample at carrier densitie
s lower than 5 x 10(11) cm(-2). This phenomenon is explained as the sa
turation of the excitonic transitions.