The mechanism of intermolecular ligand exchange has been studied using transition path sampling (TPS) based molecular dynamics (MD) simulations. Specifically, the exchange of solvent molecules bound to unsaturated Cr(CO)(5) in methanol solution has been investigated. The results of the TPS simulations have shown that there are multiple steps in the reaction mechanism. The first involves partial dissociation of the coordinated solvent from the Cr metal center followed by association with a new methanol molecule between the normally void first and second solvent layers. After diffusive motion of the exchanging ligands, the last step involves the originally bound methanol molecule moving into the bath continuum followed by solvation of the Cr metal fragment by the exchanging ligand. It has been found that the reaction center (defined as the organometallic fragment and two exchanging ligands only) and the solvent bath have favorable interactions. This is likely due to the adiabatic nature of the ligand exchange transition. The ability to understand the microscopic molecular dynamics of a chemical process based on a free energy analysis is also discussed.