A photoinduced complex between Cu(TMpy-P4) and water molecules, reversibly axially coordinated to the central metal, was observed in picosecond transient absorption and nanosecond resonance Raman experiments. This complex is rapidly created (z~ = 15 + 5 ps) in the excited triplet (~r, ~r * ) state of Cu-porphyrin, and the subsequent relaxation is proposed to proceed via two parallel pathways. One is fast and efficient (>/90% of molecules), and presumably involves a (ax, d) charge-transfer state. The second pathway is slow (z 2 >> 1 ns), has a low quantum yield (~< 10%) and involves the excited (d, d) state which is responsible for transient Raman features at = 1553 cm -I (u2*) and = 1347 cm -1 (u4*), and for low-intensity long-lived transient absorption features.