Dedicated to Professor Dr. Roland Zimmermann on the occasion of his 60th birthday For many years, Roland Zimmermann and his research group have devoted much of their attention to the effects of disorder and exciton localization on the optical properties of semiconductor nanostructures. With the recent development of spectroscopic techniques providing subwavelength spatial resolution, new experiments became possible to reveal some of the rich physics linked to exciton localization. This paper briefly reviews recent work of the authors' group using near-field nano-spectroscopy. Specifically, it is shown that near-field autocorrelation spectra give strong evidence for quantum mechanical level repulsion of localized exciton states and allow for a quantitative estimate of the underlying microscopic disorder features. Femtosecond non-linear near-field spectroscopy allows to probe the transient optical nonlinearity from a single localized exciton in a thin quantum film on ultrashort time scales.Semiconductor nanostructures are never perfect [1]. Despite the high standard of modern growth techniques, local monolayer height fluctuations at the interfaces (interface roughness) and fluctuations of the alloy composition (alloy disorder) are unavoidable. In quantum wells (QW), this structural disorder gives rise to inhomogeneous broadening of far-field optical spectra, as is well known since more than two decades [2]. Inhomogeneous broadening may be of little importance for thick, high quality quantum wells (Fig. 1). It dominates, however, the linear and nonlinear properties of thin quantum wells, which are often the basis for growth of low-dimensional nanostructures, such as quantum wires and dots. Inhomogeneous broadening is intimately linked to a random spatial localization of electron and hole wave functions within the disordered quantum well and the resulting fluctuations in optical transition energies. This is directly evidenced by recording luminescence spectra with high spatial (<1 mm) and spectral (<0.1 meV) resolution [3][4][5][6]. In such experiments, the smooth far-field PL spectrum breaks up into a series of sharp emission spikes from single localized excitons (Fig. 1).Detailed theoretical investgations in R.Z.'s group [7] suggest that as long as the exciton binding energy is larger or similar to the disorder-induced broadening, the optical properties of such thin quantum wells should follow from solutions of a stationary twodimensional single-exciton Schrö dinger equation. This equation describes the 1s excitonic center-of-mass motion (COM) with an effective disorder potential VðRÞ. VðRÞ is given by the three-dimensional spatial average of the exciton relative wave function over the local band edge fluctuations. This factorization ansatz reduces the numerical analysis of the optical properties of disordered QW to solving of a two-dimensional phys. stat. sol. (b) 234, No. 1, 453-462 (2002)