The lifetime and hyperfine structure of the (6s 2 6p7s) IPi 0 excited state in lead have been investigated by the technique of level-crossing spectroscopy. The lifetime of the state was determined to be r=5.75 (20) X10 -9 sec. The linewidth of the level-crossing signal was observed to saturate at a "coherence-narrowed" value in agreement with theoretical predictions. The magnitude of this narrowing corresponds to a 27(3)% branching ratio to the ground state. When the branching ratio and the lifetime are combined with the /(3639 A) :/(4058 A) oscillator-strength ratio measured by Khokhlov, one may infer the absolute / values: /(28331) =0.169(17), /(3639A) =0.040(8), /(4058i) =0.155(31). The high-field level crossing in the hyperfine structure of the first 3 Pi° state of Pb 207 was found to occur at a magnetic field H e -4661.1(4) G, which corresponds to a magnetic-dipole-interaction constant A = 8.811 (17) X10 9 cps.