Nanoscaled TiO2 powders with narrow size dispersion were prepared in supercritical carbon dioxide via nonhydrolytic acylation/deacylation of titanium alkoxide precursors with or without tris-fluorination. The microstructures of these powders were characterized by spectroscopic (FTIR, TGA, and XRD), microscopic (SEM or TEM), and surface area (BET) measurements. Photocatalytic oxidation of 1-octanol on these calcined TiO2 powders and on commercial T805 TiO2 suspended in aerated supercritical carbon dioxide revealed relative reactivity controlled by the powder micro structures. Calcined TiO2 prepared from titanium(IV) isopropoxide and trifluoroacetic anhydride was effectively dispersed in aerated supercritical carbon dioxide under stirring and exhibited high photocatalytic oxidation activity.