Highly vibrationally excited azulene molecules in the electronic ground state were prepared by light absorption at 248 and 193 nm followed by internal conversion. Under collision-free conditions these molecules will isomerize to naphthalene. For azulene molecules excited with 193 nm (E = 52 800 cm-1), a specific rate constant of k(E) = (4.0 +/- 0.5) X 10(5) s-1 was determined. Isomerization of azulene excited with 248 nm (E = 41 300 cm-1) could not be observed under our experimental conditions. Collisional energy transfer from excited azulene to He, Ar, N2, C3H8, n-C8H18, and n-C8F18 was also investigated by using time-resolved UV absorption spectroscopy. Absolute values of the average energy transferred per collision <DELTA-E> were in close agreement with results from previous studies. For large polyatomic colliders like n-C8H18 and n-C8F18, <DELTA-E> values were found to be proportional to the average internal energy <E> of the excited azulene molecule. However, for the small colliders He and Ar, only at energies up to about 15 000 cm-1 does (<DELTA-E>) increase proportionally with <E>, while at higher energies the energy dependence of (<DELTA-E>) becomes weaker. N2 and C3H8 represent intermediate cases.