The paper describes the design and performance of a double-beam pulse
spectrometer used for measuring in the real time, changes in transient
absorption, evolution of emission and dynamics of the ground state de
pletion of molecular media. The technique of digital recording and dat
a processing at the sampling rate of 2 gigasamples/s ensures a resolut
ion of single nanoseconds in the time interval of up to 10 mu s. The s
pectrometer has been successfully tested in photophysical studies of t
he triplet states of xanthione in benzene and n-hexane solutions.