The photoneutron spectrum from the 133Cs(7, n)132Cs reaction induced by 9.720 MeV neutron capture gamma-rays has been studied with a 3He-spectrometer. The energies and relative intensities of the emitted neutrons were determined. A Q-value of 8,986 +/-2 keV is suggested. The data reveal the existence of seventeen excited states in 132Cs in the region up to 551 keV. PACS : 25.20.Lj