  We obtain an exact solution of the time-dependent Schroedinger equation for a
two-electron system confined to a plane by an isotropic parabolic potential
whose curvature is periodically modulated in time. From this solution we
compute the exact time-dependent exchange correlation potential v_xc which
enters the Kohn-Sham equation of time-dependent density functional theory. Our
exact result provides a benchmark against which various approximate forms for
v_xc can be compared. Finally v_xc is separated in an adiabatic and a pure
dynamical part and it is shown that, for the particular system studied, the
dynamical part is negligible.
