Most catalysts consist of nanometer-sized particles dispersed on a high-surface area support.Advances in characterization methods have led to a molecular level understanding of the relationships between nanoparticle properties and catalytic performance. Together with novel approaches to nanoparticle synthesis, this knowledge is contributing to the design and development of new catalysts.Inexpensive transportation fuels, high-temperature lubricants, chlorine-free refrigerants, high-strength polymers, stain-resistant fiber, cancer-treatment drugs, and many thousands of other products required by modern societies would not be possible without the existence of catalysts. These critical materials mediate the pathway by which chemical reactions occur, enabling highly selective formation of desired products at rates that are commercially viable. Catalysts are essential, as well, for the reduction of air and water pollution, and contribute thereby to reducing the emissions of products that are harmful to human health and the environment. A recent article discussing the economic contributions of catalysis noted that "…one third of material gross national product in the US involves a catalytic a catalytic process somewhere in the production chain" (1).The majority of the industrial catalysts are high-surface area solids on to which an active component is dispersed in the form of very small particles. These moieties have dimensions of 1-20 nm and are often referred to as nanoparticles. To illustrate the importance of dispersed nanoparticles, one need only look inside the automotive converter found under the floor of every new car manufactured in the US since the early 1970's. Figure 1 shows that the converter consists of a honeycomb the walls of which are coated with a thin coating of porous alumina. The alumina washcoat is impregnated with nanoparticles of Pt, Rh, Ce, zirconia, and lanthana, and occasionally baria. The Pt serves to oxidize hydrocarbons and carbon monoxide, and the Rh, to reduce NO x . The ceria, particularly in combination with zirconia, works as an oxygen storage component, 1