The photophysical properties of a novel 1,2,3,4,5,6-hexasubstituted fullerene derivative (1) are examined in this study. In addition to the ground state absorption spectrum of 1, we report its triplet-triplet absorption spectrum and molar extinction coefficient (Delta epsilon(T-T)), as well as the triplet quantum yield (Phi(T)), lifetime (tau(T)), and energy (E-T). The saturation of a single six-member ring on the fullerene cage results in significant changes in the triplet state properties as compared to that of pristine C-60. The triplet-triplet absorption spectrum shows a hypsochromic shift in long wavelength absorption, and both the triplet state lifetime and the triplet quantum yield are decreased. The triplet energy was found to be similar to that of C-60. In addition, the quantum yield (Phi(Delta)) of singlet oxygen generated by 1 was calculated and is found to be significantly less than in the case of C-60.