A new method of investigating photoactive pigment particles, based on electrochemical measurements on suspended particles in a dielectric fluid containing an indifferent electrolyte is discussed. This technique provides information on the absolute valence and conduction energy levels and band gaps of organic pigments as well as the distribution of states in these solids. The voltammetric oxidations and reductions of theα,β andx-forms of metal-free phthalocyanine (H2Pc) suspended in methylene chloride were examined on the surface of a hanging mercury drop electrode (HMDE) and a Pt disc electrode (PDE). One of the more significant aspects of the electrochemical studies of these suspensions is that substances of identical chemical composition but different solid state structure, such asα,β andx-H2Pc, could be examined under the same experimental conditions to give detailed electrochemical information which could be related to the valence and conduction levels.