Several beneficial biological effects of carbon monoxide (CO) have been identified. CO contributes to vascular tone, is anti-inflammatory and antiapoptotic, and protects tissue against hypoxia. In response, a number of novel COreleasing systems, mostly transition-metal carbonyl compounds, have been reported. Recent research in the area of photochemical CO-releasing molecules (PhotoCORMs) is reviewed. The photophysical and chemical properties of these PhotoCORMs are described, along with studies of biological activity in some cases. Spectral data and quantum yields, when available, are compared. In addition, various methods for the detection and quantification of CO are discussed.