We report the results of steady-state photoinduced absorption experiments on PDA-4BCMU grown on silica substrate. We observe three photoinduced absorption bands at 0.82, 0.95, and 1.39 eV whose relaxation dynamics are identical for the two low-energy peaks but different for the 1.39-eV band. On the basis of the spectra, the pump intensity, modulation frequency, and signal phase dependences we conclude that the 0.82 and 0.95-eV absorption features are due to charged states while the 1.39-eV peak is originated by triplet excitons. The photogeneration of both charged and neutral states in PDA-4BCMU as previously observed in polycarbazolyldiacetylenes indicates that this is a general feature of polydiacetylenes. The relative weight of one excited species over the other one is influenced by the molecular and supramolecular organization of the polymer.