It is shown that 532 and 1064 nm laser photoexcitation of trapped electrons generated by 355 nm photolysis of aqueous titania (TiO2) nanoparticles causes rapid photobleaching of their absorbance band in the visible and near-IR. This photobleaching occurs within the duration of the laser pulse (3 ns fwhm); it is caused by photoinduced electron detrapping followed by rapid recombination of the resulting free electron and a trapped hole. The quantum yield for the electron photobleaching is ca. 0.28 for 532 nm and ca. 0.024 for 1064 nm photoexcitation. Complete separation of the spectral contributions from trapped electron and hole is demonstrated using glycerol as a selective hole scavenger. When glycerol is added to the solution, some light-absorbing holes are scavenged promptly within the duration of the 355 nm photoexcitation pulse, some are scavenged at a slower rate over the first 200 ns after the 355 nm pulse, and the rest are not scavenged, even at high concentration of the scavenger (>10 vol.%). A reaction with chemi- and physisorbed glycerol would account for the prompt and the slow hole decay, respectively. The implications of these results are discussed.