Time-resolved fluorescence and transient absorption results have been obtained for small (similar to 3 nm) and large (similar to 5-8 nm) InSe nanoparticles in room-temperature solutions. The large particles are nonfluorescent, indicating that the conduction band is at M and the optical transition is forbidden. For some fraction of the small particles, the bottom of the conduction band is at and the optical transition is allowed. The small particle fluorescence measurements indicate that hole trapping occurs on the 200-300 ps time scale. The transient absorption spectra are featureless throughout the visible with a broad maximum at 600-650 nm. The transient absorption kinetics of both small and large particles show a 200-300 ps decay component that is assigned to hole trapping. These kinetics also show a 15 ps decay that has a larger amplitude in the case of the large particles and is assigned to an electron to M relaxation. The amplitude of this decay indicates that the initial electron and hole intraband transitions result in roughly comparable intensities of the initial transient absorption.