The density-matrix renormalization-group (DMRG) method can provide approxim
ate ground-state wave functions for many one-dimensional systems with a hig
h degree of accuracy. Conventional DMRG techniques, however, cannot be expe
cted to give accurate excited-state information because the excited states
of interest are not explicitly included in the calculations. We discuss tec
hniques for extending DMRG to accurately target and investigate arbitrary e
xcited states. As an example we apply the method to investigate the propert
ies of excitons within the extended Hubbard model. Our results show that ex
cited-state calculations within the standard DMRG procedure give results th
at are quantitatively incorrect. [S0163-1829(99)11715-6].