The excitation energies can be described in the frame of the effective
mass approximation when the crystals an not too small. The lowest ene
rgy exciton state is split in several sublevels by the electron-hole e
xchange interaction and by the Crystal field in wurtzite-type semicond
uctors. We determine the oscillator strength of the transitions. The o
ptical transition to the lowest energy sublevel is forbidden by spin c
onservation law. The intensity of the transition to the upper sublevel
in cubic nanocrystals is proportional to the number of nanocrystals p
er unit volume in the strong confinement regime and to the volume frac
tion occupied by the nanocrystals in the weak confinement regime. We s
how that, in a cubic or a wurtzite-type nanocrystal, all the sublevels
are shifted to higher energy by the polarization of the medium and th
at the intensity of the transition to the lowest energy optically allo
wed sublevel in a wurtzite-type nanocrystal is very much decreased by
the polarization of the medium. The energy relaxation of excited elect
ron-hole pairs is made possible by the coupling to acoustical and opti
cal phonons. We conclude that no ''phonon bottleneck'' exists in the r
elaxation. We show that Auger effect is responsible for ''photodarkeni
ng'' of the samples under illumination. It is the source of the random
telegraph signal observed in the luminescence of a single nanocrystal
. (C) 1998 Elsevier Science B.V. All rights reserved.