Electronic Journal of Differential Equations, Vol. 2007(2007), No. 159, pp. 1-10. Title: Exponential stability of switched linear systems with time-varying delay Authors: Vu N. Phat (Institute of Math., Hanoi, Vietnam) Satiracoo Pairote (Mahidol Univ., Thailand) Abstract: We use a Lyapunov-Krasovskii functional approach to establish the exponential stability of linear systems with time-varying delay. Our delay-dependent condition allows to compute simultaneously the two bounds that characterize the exponential stability rate of the solution. A simple procedure for constructing switching rule is also presented. Submitted September 5, 2007. Published November 21, 2007. Math Subject Classifications: 34K20, 93C10, 34D10. Key Words: Switched system; time delay; exponential stability; Lyapunov equation.