The rotational reorientation dynamics of oxazine 750 (OX750) in the first (with pump pulse at 660 nm) and a higher excited state (with pump pulse at 400 nm) in different polar solvents have been investigated using femtosecond time-resolved stimulated emission pumping fluorescence depletion (FS TR SEP FD) spectroscopy. In both excited states, three different anisotropy decay laws have been observed for OX750 in different solvents. Only in acetone and formamide could the anisotropy decays of OX750 be described by single-exponential functions, whereas the anisotropy decays have been found to exhibit biexponential behavior in other solvents. The slower anisotropy decay observed in all of the solvents has been assigned to the overall rotational relaxation of OX750 molecules, and a quantitative analysis of this time constant has been performed using the Stokes-Einstein-Debye hydrodynamic theory and the extended charge distribution model developed by Alavi and Waldeck. In both methanol and ethanol, a faster anisotropy decay on the order of picoseconds and a slower anisotropy decay on the hundreds of picoseconds time scale are observed. The most likely explanation for the faster anisotropy involves the rotation of the transition dipole moment in the excited state of OX750 resulting from the electron transfer (ET) reaction taking place from the alcoholic solvents to the OX750 chromophore. As a possible explanation, the wobbling-in-the-cone model has been used to analyze the biexponential anisotropy decays of OX750 in dimethylformamide (DMF) and dimethyl sulfoxide (DMSO). The observed faster anisotropy decays on the hundreds of fermoseconds time scale in DMF and DMSO are ascribed to the wobbling-in-the-cone motion of the ethyl group of OX750, which is sensitive to the strength of the hydrogen bond formed between the solvent and the protonation site of OX750.