We have applied the electromodulated photoinduced absorption (EPA) technique to a variety of C60-doped and pristine luminescent conducting polymer films. EPA measures the electric field-related change of the absorption in the sample as a result of above-gap illumination. An electric field leads to two major effects. One is a possible Stark shift of photoexcitation energy levels, and the other is a change in the photoexcitation decay kinetics, which leads to reduction or enhancement of PA features. This can be due to an electric field enhanced dissociation of the 1Bu exciton or due to a lifetime reduction of polaron pairs. The EPA technique helps to elucidate the photoinduced absorption bands of the charge transfer complex C60- P+, where P+ is a positively charged polaron on the polymer chain. The following thin films were studied by EPA: MEH-PPV/C60, pristine MEH-PPV, PPP/C60, P3OT/C60, PTSi/C60, and pristine PTSi. We found for the two PA bands of polarons that E(LE) + E(HE) equals Eg. We also found that the polarizability of polaron pairs in three orders of magnitude bigger that the polarizability of the 1Bu exciton.