This invention provides a coloring matter-sensitized photoelectric conversion element comprising an electrolyte layer (6) provided between a semiconductor electrode (3) formed of, for example, semiconductor fine particles, onto which a coloring matter for sensitizing has been adsorbed, and a counter electrode (5), wherein two types of coloring matters are used as the coloring matter and are adsorbed on respective different sites on the surface of the semiconductor electrode (3). The semiconductor particles are formed of, for example, TiO2. The two types of coloring matters are, for example, tris(isothiocyanato)-ruthenium(II)-2,2':6',2''-terpyridine-4,4',4''-tricarboxylic acid and 2-cyano-3-[4-[4-(2,2-diphenylethenyl)phenyl]-1,2,3,3a,4,8b-hexahydrocyclopent[b]indol-7-yl]-2-propenoic acid. The above constitution can realize the provision of a coloring matter-sensitized photoelectric conversion element, such as coloring matter-sensitized solar cells which can realize higher level of light absorbance and photoelectric conversion efficiency than the case where a single type of high-purity coloring matter is used, and a process for producing the coloring matter-sensitized photoelectric conversion element.