A picosecond transient absorption kinetic spectrometer using a pump-probe method is presented and compared with other methods of picosecond transient absorption measurements. This constructed kinetic spectrometer detects the transient transmittance of sample using a lock-in amplifier as a function of delay time between pump and probe pulses generated from a picosecond mode-locked cw dye laser. Typical transient absorption and ground state bleach recovery kinetic profiles measured with this spectrometer are shown. Excellent kinetic curves of transient absorption or ground state bleach recovery may be obtained at single wavelengths with this spectrometer.