We study the correlation between Forster resonance energy transfer (FRET) and optical gain properties in conjugated polymer blends based on regioregular poly(3-hexylthiophene) (P3HT) and poly(9,9-dioctylfluorene-alt-benzothiadiazole) (F8BT). First, FRET dynamics are investigated with femtosecond transient absorption spectroscopy observing a sub-picosecond energy transfer from F8BT to P3HT (550 fs) at medium doping levels (40% wt P3HT in F8BT). Amplified spontaneous emission (ASE) is then characterized in blends upon exciting predominantly the host and guest polymers, respectively. The corresponding density of absorbed photons at threshold conditions is compared upon host or guest photoexcitation as a method to quantitatively determine the FRET-assisted ASE efficiencies. We observe a reduction in ASE efficiency upon host photoexcitation of 20%, in the best case, respect to guest photoexcitation. Our results confirm that even in strongly coupled host: guest mixtures delayed exciton population by energy transfer is subtle to losses ascribed to exciton-exciton annihilation. (C) 2016 Wiley Periodicals, Inc.