The excited equilibrium state of molecular complex in solution is described by the use of the nonlinear Schrödinger equation presented in our previous paper. The excited equilibrium state of charge-transfer molecular complex or the equilibrium state of exciplex in polar solvents is quite polar and quite different from the excited Franck-Condon state, and has large tendency to dissociate to solvated ions. These theoretical results are confirmed by the laser photolysis experiments on the excited states of the molecular complexes.