To overcome the limitations of the traditional state-averaging approaches in excited state calculations, where one solves and represents all states between the ground state and excited state of interest, we have investigated a number of new excited state algorithms. Building on the work of van der Vorst and Sleijpen [SIAM J. Matrix Anal. Appl. 17, 401 (1996)], we have implemented harmonic Davidson and state-averaged harmonic Davidson algorithms within the context of the density matrix renormalization group (DMRG). We have assessed their accuracy and stability of convergence in complete-active-space DMRG calculations on the low-lying excited states in the acenes ranging from naphthalene to pentacene. We find that both algorithms offer increased accuracy over the traditional state-averaged Davidson approach, and, in particular, the state-averaged harmonic Davidson algorithm offers an optimal combination of accuracy and stability in convergence.(C) 2007 American Institute of Physics.