We have investigated the coherent dynamics of a semiconductor microcavity b
y means of interferometric correlation measurements with fs resolution. We
bring clear evidence of the resolution of a homogeneous polariton line in a
n inhomogeneously broadened exciton system. Moreover, we observe an unexpec
ted stationary coherence up to 8 ps for the lower polariton branch close to
resonance. Linear dispersion theory including an exciton asymmetric inhomo
geneous broadening accounts for the coherent dynamics but does not predict
the stationary coherence. [S0163-1829(99)51616-0].