Platinum nanoparticles are synthesized by alcohol reduction method using Nafion as a stabilizer under various conditions such as the Nafion/Pt molar ratio and reflux temperature. Nafion-Pt nanoparticles are characterized by agglomeration and the particle size is typically in the range of 2-4 nm. The electrocatalytic activity of Nafion-Pt nanoparticles for polymer electrolyte and direct methanol fuel cells (PEFCs and DMFCs) is investigated in comparison to that of unsupported Pt black and carbon-supported Pt/C electrocatalysts. Nafion-Pt nanoparticles prepared with low Nafion/Pt ratios show higher and/or comparable activities towards O-2 reduction reaction in the absence and presence of methanol in comparison to that of Pt black and Pt/C electrocatalysts. In contrast, the electrocatalytic activity of the Nafion-Pt nanoparticles for the methanol oxidation reaction is very low. The results indicate that Pt nanoparticles embedded in Nation polyelectrolyte are potential methanol tolerant electrocatalysts for the O-2 reduction reaction in DMFCs. (c) 2006 Elsevier Ltd. All rights reserved.