We present recent results of broadband femtosecond (fs) transient absorption (TA) and broadband nanosecond (ns) optical limiting (OL) studies of C-60 and derivatized C-60. Improvements in measurement techniques for fs TA spectra provide sensitivity to 10(-5) in differential transmission, allowing detailed comparison of excited-state spectra with established energy level diagrams, as well as comparison of the ratio of triplet to singlet excited-state absorption cross sections from TA spectra with those obtained by modeling time transients at different wavelengths. For derivatized fullerenes, which provide enhanced solubility and a ground-state absorption extended into the infrared compared with C-60 there is no spectral region where the triplet absorption cross section dominates the singlet as strongly as in C-60. Wavelength-dependent studies show that the OL response improves monotonically at longer wavelengths, demonstrating broadband limiting in all 6,6 mono-adducts and neat C-60. We report new approaches to processing sol-gel encapsulated fullerenes to improve the OL performance of solid-state materials to approach the response of solution limiters.