The optical properties of materials are strongly related to the nature
of the photoexcitations in the solid. Fullerene C-60 in the solid sta
te is a typical molecular material in which the molecules are weakly h
eld together by van der Waals forces and the electronic excitations ar
e very close in energy and nature to those of the free molecule. The l
owest electronic states in solid C-60 are dipole forbidden and can be
described as tight bound (Frenkel) excitons. Optical emission of C-60
single crystals can be explained in terms of photoluminescence sub-spe
ctra built on vibronically allowed false origins. Further to these neu
tral excitations which determine the optical gap there are charged exc
itations corresponding to the promotion of electrons from ball to ball
and from ball to the free electron continuum. We observe intermolecul
ar charge-transfer excitons by measuring the electroabsorption of thin
films at liquid helium temperature. The energy necessary to generate
directly the electron-hole (e-h) pairs is set at least 0.6 eV higher t
han the optical gap.