The inclusive energy distributions of fragments ( 3≤Z≤7) emitted in the reaction 16 O + 27 Al at E lab =116 MeV have been measured in the angular range θ lab = 15 • -115 • . A non-linear optimisation procedure using multiple Gaussian distribution functions has been proposed to extract the fusion-fission and deep inelastic components of the fragment emission from the experimental data. The angular distributions of the fragments, thus obtained, from the deep inelastic component are found to fall off faster than those from the fusion-fission component, indicating shorter life times of the emitting dinuclear systems. The life times of the intermediate di-nuclear configurations have been estimated using a diffractive Regge-pole model. The life times thus extracted (∼ 1 − 5 × 10 −22 Sec. ) are found to decrease with the increase in the fragment charge. Optimum Q-values are also found to increase with increasing charge transfer i.e. with the decrease in fragment charge. 25.70 Jj,24.60Dr,25.70Gh Typeset using REVT E X 1