The utility of time correlation functions computed by time evolving suitabl
y chosen wave packets to studies of bound states of molecules, quasibound s
tates and transition state resonances in reactive systems, photoabsorption-
dissociation and resonance Raman scattering in molecules is illustrated usi
ng examples from our own laboratory. The role of excited electronic states
and wavefunction interference effects in influencing photoexcitation observ
ables is examined using model systems.