We develop a method of computing the excited state energies in Integra
ble Quantum Field Theories (IQFT) in finite geometry, with the spatial
coordinate compactified on a circle of circumference R. The IQFT ''co
mmuting transfer matrices'' introduced earlier [Commun. Math. Phys. 17
7 (1996) 381] for Conformal Field Theories (CFT) are generalized to no
n-conformal IQFT obtained by perturbing CFT with the operator Phi(1,3)
. We study the models in which the fusion relations for these ''transf
er matrices'' truncate and provide closed integral equations which gen
eralize the equations of the thermodynamic Bethe ansatz to excited sta
tes. The explicit calculations are done for the first excited state in
the ''scaling Lee-Yang model''. (C) 1997 Elsevier Science B.V.