The factorized time correlation (FTC) diagram analysis of Raman induced Kerr effect spectroscopy from noisy light is presented. The complete set of FTC diagrams is given. This process requires a more sophisticated FTC diagram analysis than is typical because of the important role color-locking plays for this spectroscopy. A physical understanding of the terms that give rise to the slow decaying asymmetric interferograms seen in the experimental literature can be gleaned from these FTC diagrams. The interferograms carry information about the decay of the librational coherences. (C) 2003 American Institute of Physics.