In the aftermath of the eruption of Mt. Pinatubo, multiwavelength stratospheric aerosol extinction measurements by the satellite-borne Stratospheric Aerosol and Gas Experiment (SAGE II) revealed the presence of a previously unobserved mode of aerosol that exhibited high extinction but a small inferred particle size. This mode may represent a transitional phase between the very small aerosol created by gas-to-particle conversion and a quasi-steady state, post-volcanic aerosol that exhibits both large extinction and large particle size. The presence of a transitional small aerosol mode may have a significant impact on chemical and radiative processes in the stratosphere.