A small quantum dot containing approximately 20 electrons is realized in a
two-dimensional electron system of an AlxGa1-xAs/GaAs heterostructure. Conv
entional transport and microwave spectroscopy reveal the dot's electronic s
tructure. By applying a coherently coupled two-source technique, we are abl
e to determine the complex microwave-induced tunnel current. The amplitude
of this photoconductance resolves photon-assisted tunneling (PAT) in the no
nlinear regime through the ground state and an excited state as well. The o
ut-of-phase component (susceptance) allows us to study charge relaxation wi
thin the quantum dot on a time scale comparable to the microwave beat perio
d.