The dynamics of the enolic form of acetylacetone (E-AcAc) was investigated using a femtosecondpump-probe experiment. The pump at 266 nm excited E-AcAc in the first bright state, S
2(
*). The resultingdynamics was probed by multiphoton ionization at 800 nm. It was investigated for 80 ps on the S
2(
*)and S
1(
n*) potential energy surfaces. An important step is the transfer from S
2 to S
1 that occurs with atime constant of 1.4 ± 0.2 ps. Before, the system had left the excitation region in 70 ± 10 fs. An intermediatestep was identified when E-AcAc traveled on the S
2 surface. Likely, it corresponds to an accidental resonancein the detection scheme that is met along this path. More importantly, some clues are given that anintramolecular vibrational energy relaxation is observed, which transfers excess vibrational energy fromthe enolic group O-H to the other modes of the molecule. The present multistep evolution of excited E-AcAcprobably also describes, at least qualitatively, the dynamics of other electronically excited
-diketones.