We investigate the time-dependent evolution of a nonstationary three-body Coulomb system at energies just below the threshold for three-body breakup. Experimentally, short-pulse lasers excite two electrons in Ba to radially localized Rydberg wave packets with well-defined energy and angular momentum. Time-dependent interactions between the two electrons are probed using half-cycle electric field pulses. The measurements indicate that substantial energy exchange between the two electrons is nearly immediate upon the launch of the second wave packet. Fully quantum and classical calculations support this observation, predicting extremely rapid autoionization under the experimental conditions. The calculations also show very fast angular momentum exchange and sensitivity to the relative binding energies of the two electrons.