We investigate non-equilibrium relaxation processes in optically excited la
rge gold and silver clusters. Time-resolved pump-probe experiments and mode
l calculations show that optical excitation of the clusters by femtosecond
laser pulses results in a heating of the electron system, which is followed
by electron cooling via phonon emission. The electron heating leads to an
enhanced damping of the surface-plasmon resonance in the clusters. This enh
anced damping is caused by an enhancement of the Landau damping and electro
n scattering rates at high electron temperatures. Furthermore, we find that
the rate of electron cooling in the clusters changes with electron tempera
ture; this is a consequence of the temperature-dependent specific heat of t
he conduction electrons. Finally, pump-probe experiments on ellipsoidal sil
ver clusters show that the thermal expansion of the heated clusters trigger
s mechanical vibrations at the acoustic eigenfrequencies of the clusters.