A new fluorescence decay measurement system has been developed. The system consists of a spectrograph and a new two-dimensional photon counter. The combination enables measurements to be made of the fluorescence decay as a function of time and wavelength simultaneously. The time resolution is better than 5 ps with deconvolution processing, and the wavelength resolution is approximately 0.15 nm with 1200 grooves mm−1 gratings. The dynamic range is 105. The instrument response function (IRF) of the system is nearly gaussian, and has no tail or “after pulses” which are commonly observed using a photomultiplier in a time-correlated photon counting (TCPC) system. Therefore fast fluorescence decay of several tens of picoseconds can be measured accurately. In addition, the two-dimensional single-photon counting can be performed without wavelength scanning, so that the wavelength-dependent fluorescence decay can be easily and direcly observed with a fast throughput and a high signal-to-noise ratio. The principle of two-dimensional photon counting is discussed together with characteristics including linearity and statistical behavior.