  In this paper, for any odd $n$ and any integer $m\geq1$, we study the
fundamental solution of the higher order Schr\"{o}dinger equation $$
\mathbf{i}\partial_tu(x, t)=((-\Delta)^m+V(x))u(x, t), \quad t\in
\mathbb{R},\,\,x\in \mathbb{R}^n, $$ where $V$ is a real-valued potential with
certain decay, smoothness, and spectral properties. Let $P_{ac}(H)$ denote the
projection onto the absolutely continuous spectrum space of $H=(-\Delta)^m+V$.
Our main result says that $e^{-\mathbf{i} tH}P_{ac}(H)$ has integral kernel
$K(t,x,y)$ satisfying $$ |K(t,x,y)|\le C (1+|t|)^{-h}(1+|t|^{-\frac{n}{2
m}})\left(1+|t|^{-\frac{1}{2 m}}|x-y|\right)^{-\frac{n(m-1)}{2 m-1}},\quad
t\neq0,\,x,y\in\mathbb{R}^n, $$ where the constants $C, h>0$, and $h$ can be
specified by $m, n$ and the spectral property of $H$. A similar result for
smoothing operators like $H^\frac{\alpha}{2m}e^{-\mathbf{i}tH}P_{ac}(H)$ is
also given.
