Two-color photon echo peak shift spectroscopy was used to study electronic coupling in a phthalocyanine homodimer. Two optical parametric amplifiers were used to produce pulses to excite the split lower states of LuPc2-. The existence of a two-color peak shift indicates the existence of correlation between these two dipole-allowed states. The nature of this correlation is discussed based on theoretical predictions of the interactions between exciton and charge resonance states. (C) 2004 American Institute of Physics.