The dynamical properties of exciton transfer coupled to polarization v
ibrations in a two site system are investigated in detail. A fixed poi
nt analysis of the full system of Bloch - oscillator equations represe
nting the coupled excitonic - vibronic flow is performed. For over-cri
tical polarization a bifurcation converting the stable bonding ground
state to a hyperbolic unstable state which is basic to the dynamical p
roperties of the model is obtained. The phase space of the system is g
enerally of a mixed type: Above bifurcation chaos develops starting fr
om the region of the hyperbolic state and spreading with increasing en
ergy over the Bloch sphere leaving only islands of regular dynamics. T
he behaviour of the polarization oscillator accordingly changes from r
egular to chaotic.