This review volume provides an up-to-date review of experimental methods and theoretical approaches in the study of dynamical processes in condensed molecular systems. The experimental contributions include hole burning in glasses and in proteins, optical dephasing in glasses, photo-conductivity in polymers, energy transfer among molecules in confining spaces and electron transfer in polar solvents. The theoretical part summarizes recent advances on hole burning, hierarchical aspects of relaxation and transport in disordered systems.