Cross correlation (CC) functions Cif(E) play an important role in chemical physics. They appear in the description of reactive scattering, photo-dissociation, photo-electron spectroscopy and electron transfer to mention a few. In this paper, we discuss two methods based on the Lanczos algorithm to compute the CC function for several initial and final states at the same time, without ... [Show full abstract] diagonalization. The property of the coupled two-term recursions variant of the Lanczos algorithm that yields a decomposition of the tridiagonal Lanczos matrix is crucial. The first method, the quasi minimal-recursive residue generation method (QM-RRGM) is based on solving a set of linear equations whereas the second method is based on a band-Lanczos method. The computational cost is of the same order of magnitude for both methods and is given by the number of matrix-vector multiplications in the underlying Lanczos method. Only a small set of scalars needs to be updated each recursion. The methods are compared for a model problem, the continuum resonance Raman cross section for a collinear model of CH2IBr. Both methods shows similar convergence properties. By adding a pre-conditioner, the rate of convergence can be increased dramatically.