A new method for waveform measurement of photon echoes using a modified Mic
helson interferometer has been developed. The experimental setup uses colli
near geometry, and photon echo signals are detected using a double-phase mo
dulation technique. The amplitude and phase of photon echoes and those of e
xcitation pulses are simultaneously measured by this technique. The method
has been applied to a photon echo experiment on a dye solution. The results
are explained using a stochastic modulation model with an accumulation eff
ect of population grating.