Abstract. Time-resolved photoelectron spectroscopy is proving to be a versatile tool for investigating dynamical properties of molecules and clusters. In this account we review our recent work involving studies of cluster reactivity by photoelectron spectroscopy. Two topics are discussed. The first, involves measurements of the rate of solvent reorganization and the magnitude of the solvent reorganization energy (i.e., the solute-solvent interaction). The solvent rearrangement is induced by an excited-state proton transfer in phenol-ammonia clusters. These studies are motivated by the opportunity to probe condensed-phase solvation effects on a molecular level in clusters. The second topic describes how the chemical properties of small clusters (e.g., dimers) provides detailed information regarding the collision complexes of bimolecular gas-phase reactions. We show an example of how the combination of photoelectron spectroscopy and ion fragmentation mass spectrometry can be used to determine barrier heights for bimolecular reactions.