The photochemical process of pentaaryl [60]fullerenes (PAC 60 ) has been investigated by fluorescence and transient absorption spectroscopies, aiming at their use in bulk heterojunction organic photovoltaic (OPV). Fluorescence quenching was observed by adding C 60 into PAC 60 , where the intensity was decreased in an exponential manner. The photo-generated radical cation of PAC 60 was identified at 925 nm in the presence of electron acceptor. Motivated from the observed shallow molecular orbital levels of PAC 60 , we performed conceptual study of all-fullerene OPV, where PAC 60 and [6,6]-phenyl-C 61 -butyric acid methyl ester (PCBM) were presumably used as a p-type and n-type semiconductor, respectively. The power conversion efficiency was 0.007%, much smaller than 0.05% found for the conventional combination of P3HT (p-type) and PAC 60 (n-type). The mechanism is discussed on the basis of photoconductive and spectroscopic results.