Evidence for an interaction between the quantum dot exciton fine structure states F = ±1 is obtained by
measuring the dynamics of transitions among those states, exciton spin relaxation or flipping. An ultrafast
transient grating experiment based on a crossed-linear polarization grating is reported. By using the quantum
dot selection rules for absorption of circularly polarized light, it is demonstrated that it is possible to detect
transitions between nominally degenerate fine structure states, even in a rotationally isotropic system. The
results for colloidal CdSe quantum dots reveal a strong size dependence for the exciton spin relaxation rate
from one bright exciton state (F = ±1) to the other in CdSe colloidal quantum dots at 293 K, on a time scale
ranging from femtoseconds to picoseconds, depending on the quantum dot size. The results are consistent
with an interaction between those states attributed to a long-range contribution to the electron−hole exchange
interaction