We present near-steady-state photoinduced absorption ͑PIA͒, photoluminescence, and light-induced electron spin resonance ͑LESR͒ studies on photoinduced electron transfer reactions from poly͑bis-2,5-epi-cholestanoxy-1,4-phenylene vinylene͒ ͑BeCHA-PPV͒ as a donor to Buckminsterfullerene ͑C 60 ͒ and a number of functionalized fullerenes as acceptors. We show that functionalized fullerenes with a solubilizing side chain linked to C 60 in a ͓5,6͔ ͑fulleroid͒ or ͓6,6͔ ͑methanofullerene͒ fashion, are efficient electron acceptors towards BeCHA-PPV, as evidenced from changes in the PIA, the efficient quenching of the photoluminescence, and the LESR spectra of BeCHA-PPV cation and fullerene anion radicals. The increased miscibility of the functionalized fullerenes with the conjugated polymer as compared to C 60 , can be important for the preparation of future electrooptic devices, based on the photoinduced charge separation.