  This contribution describes a statistical model for decaying quantum systems
(e.g. photo-dissociation or -ionization). It takes the interference between
direct and indirect decay processes explicitely into account. The resulting
expressions for the partial decay amplitudes and the corresponding cross
sections may be considered a many-channel many-resonance generalization of
Fano's original work on resonance lineshapes [Phys. Rev 124, 1866 (1961)].
  A statistical (random matrix) model is then introduced. It allows to describe
chaotic scattering systems with tunable couplings to the decay channels. We
focus on the autocorrelation function of the total (photo) cross section, and
we find that it depends on the same combination of parameters, as the
Fano-parameter distribution. These combinations are statistical variants of the
one-channel Fano parameter. It is thus possible to study Fano interference
(i.e. the interference between direct and indirect decay paths) on the basis of
the autocorrelation function, and thereby in the regime of overlapping
resonances. It allows us, to study the Fano interference in the limit of
strongly overlapping resonances, where we find a persisting effect on the level
of the weak localization correction.
