We report on an all-optical investigation of coupled spin excitation modes in a series of magnetic trilayer structures. Using time-resolved magneto-optic Kerr effect (tr-MOKE) magnetometry, we observe multi-mode coherent spin excitations in Ni81Fe19/Ru/Co49Fe49V2 multi layers even though the tr-MOKE optical detection is sensitive only to the Co49Fe49V2 magnetization dynamics. Frequency shifts of the different modes indicate that the coupling between the Ni(81)Fe(19 a)nd Co49Fe49V2 layers varies from anti-ferromagnetic to ferromagnetic to uncoupled as the Ru spacer layer thickness is increased from 8 & Aring; to 200 & Aring;. The lifetime of the high frequency coherent oscillations in the Co49Fe49V2 layer increases by over 200%-300% even in the case of uncoupled Ni81Fe19 and Co49Fe49V2 layers with a 200 & Aring; thick Ru spacer. The results suggest an additional method to decrease the damping of high-moment alloys in layered magnetic nanostructures. Published under an exclusive license by AIP Publishing.