The thermal behaviour of electrode materials during heat treatment from 250-400 ~ was studied. The cathode performance changed by two steps depending on temperature of the heat treatment. At the first step (300 320 ~ polytetrafluoroethylene (PTFE) melted unexpectedly, giving hydrophobic character to the catalyst layer. This change drastically improved the cathode performance. At the second step (340-400 ~ support carbon was oxidized by catalytic action of platinum, increasing the PTFE content from 45 to 83 wt%. This caused a gradual decline in the cathode performance. The poor cell performance of the electrode treated below 300~ is due to the fact that PTFE is not melted at that temperature. Triton X-100 used as a surfactant in the PTFE dispersion disappeared completely from the electrode at these temperatures by oxidation, catalysed by platinum.