Time-resolved spectroscopy on isolated molecules gives fundamental insight into the conversion of light energy to other degrees of freedom. Probing of the photoinduced dynamics can be accomplished by ionization, via a single-photon or multiphoton transition. In this Rapid Communication we directly contrast transient spectra on the molecule perylene obtained with multiphoton ionization (MPI) to single-photon ionization (SPI). The photoinduced nuclear geometry relaxation modulates the MPI transient with a decay time constant of 0.9 ± 0.2 ps. In contrast, the SPI transient completely lacks any indication for relaxation. We attribute this difference to a change in resonance enhancement of the MPI probe as the molecular geometry changes. Our results underline the importance of a detailed knowledge about these resonances for a proper interpretation of transient signals of molecular dynamics subject to nuclear and electronic relaxation effects. At the same time, the direct comparison to SPI directly demonstrates the higher sensitivity of resonance-enhanced MPI as a probe in time-resolved dynamical studies.The conversion of photon energy into other forms of energy is often happening with high selectivity and effi ciency [1], Time-resolved photoelectron (PE) and photoion (PI) spectroscopy have proven to he important tools for the investigation of photoinduced relaxation processes in isolated molecules [2][3][4], since their observables can be simulated from theoretical investigations with high accuracy and thus directly compared [5,6]. The molecular relaxation generally leads to an increased ionization potential [7]. In order to detect the dynamics via a single-photon ionization (SPI) scheme, increased probe photon energies in the vacuum ultraviolet (VUV) [8][9][10][11][12][13] have been recently applied. Ex perimentally less demanding and therefore widely used is multiphoton ionization (MPI) [2,4,14,15], as shown for metal carbonyls [16,17] or nucleobases [18][19][20][21], As pointed out before, the transient MPI signal can be enhanced by resonant excited molecular states [14][15][16][17]. However, the role that the resonances play in actively shaping the observable transient in a pump-MPI-probe experiment has not been investigated. In this paper, we fill this gap by comparing SPI and MPI for identical molecules and excitation conditions finding stark differences in the transient spectra obtained by the two processes. The comparison of the SPI and MPI transients together with laser intensity characteristics directly reveals the active influence of the resonances on the observable in MPI probing. Figure 1 shows a sketch of the important processes in time-resolved PE and PI spectroscopy. An excitation (pump) laser pulse promotes the molecule from the ground state So into an electronically excited state S|. A second ultrashort laser (probe) pulse interacts with the excited molecule after a controlled delay. It can ionize the excited molecules either via SPI or MPI. In order to ionize the molecule via SPI, the photon energy ...