We report on time-resolved multiphoton ionization and fragmentation dynamic
s of free Hg-n-clusters (n less than or equal to 110) with femtosecond lase
r pulses. Already at laser intensities of 10(11)W/cm(2) we observe prompt f
ormation of singly, doubly, and triply charged Hg, clusters. In pump-probe
experiments short-time (0-5 ps) oscillatory modulations of the transient Hg
-n(+) and Hg-n(2+) signals are observed which indicate an intermediate stat
e dynamics common to all observed cluster sizes and charge states. Long-tim
e (0-200 ps) transient ionization signals show caged dissociation and recom
bination chromophore dynamics.