The behavior of excitons and excess electrons in the confined space of a molecular polyoxotitanate cluster Ti-17(mu(4)-O)(4)(mu(3)-O)(16)(mu(2)-O)(4)(OPri)(20) (in short Ti17) was studied using femtosecond pump-probe transient absorption, pulse radiolysis, and fluorescence spectroscopy. Due to pronounced quantum size effects, the electronic spectra of the exciton, Ti17*, and the excess electron carrying radical anion, Ti17(center dot-), are blue-shifted in comparison with bulk TiO2 and have maxima at 1.91 and 1.24 eV, respectively. The 0.7 eV difference in the position of the absorption maxima of Ti17* and Ti17(center dot-) indicates the presence of strong Coulomb interaction between the conduction band electron and the valence band hole in the similar to 1 nm diameter cluster. Ground state Raman spectra and the vibronic structure of the fluorescence spectrum point to the importance of the interfacial ligand modes in the stabilization and localization of the fully relaxed exciton. Four pentacoordinate Ti sites near the surface of the cluster appear to play a special role in this regard. Solvent polarity has only a minor influence on the spectral behavior of Ti17*. Exciton recombination in Ti17 is faster than in anatase nanoparticles or mesoporous films. The kinetics exhibits three components, ranging from less than 1 ps to 100 ps, which are tentatively assigned to the geminate recombination within the core of the cluster and to the decay of the surface stabilized charge transfer exciton. A persistent long-lived component with tau > 300 ps may indicate the involvement of intraband dark states, i.e., triplet excitons (3)Ti17*.