The localization length of a low-energy tightly bound electron-hole pair (e
xcitons) is calculated by exact diagonalization for small interacting disor
dered systems. The exciton localization length (which corresponds to the th
ermal electronic conductance) is strongly enhanced by electron-electron int
eractions, while the localization length (pertaining to the charge conducta
nce) is only slightly enhanced. This shows that the two-particle delocaliza
tion mechanism widely discussed for the electron pair case is more efficien
t close to the Fermi energy for an electron-hole pair. The relevance to exp
eriment is also discussed. [S0163-1829(99)08125-4].