This paper describes a layer-by-layer epitaxial approach to the synthesis of multishelled nanocrystals composed of alternating shells of Pd and Pt by starting with seeds made of Pd or Pt nanocrystals. The synthesis was conducted by sequentially adding PtCl(4)(2-) and PdCl(4)(2-) salt precursors into a system containing either Pd or Pt seeds (in the shape of cuboctahedrons, octahedrons, plates, or cubes) together with a weak reducing agent such as citric acid (CA). The slow reduction kinetics associated with CA played an important role in the epitaxial growth of one metal on the other, resulting in the formation of Pd Pt multishelled nanocrystals. Owing to the capping effect of CA for {111} facets of Pd and Pt, the multishelled nanocrystals tended to be enclosed by {111} facets in the form of octahedrons or thin plates, depending on the shapes of the Pd or Pt seeds: octahedrons for cuboctahedral, cubic, or octahedral seeds, and plates for platelike seeds.