Doppler‐free electronic state absorption spectra of molecules have been recorded by means of counterpropagating‐beam two‐photon spectroscopy. The molecular transitions that were investigated were theA2&Sgr;+1(v=0) ←X2&Pgr;1/2(v=0) transition of nitric oxide and the1B2u←1A1g, 1410transition of benzene. Linewidths observed were less than the Doppler width for each transition.