A series of poly(vinyl pyrrolidone) (PVP) stabilized palladium colloids was prepared by the reductive decomposition of solutions of palladium complexes in the presence of PVP. The resulting colloidal clusters had diameters of ca. 60, ca. 40, and ca. 25 angstrom (by TEM), with polydispersities of ca. 10%, and were shown by electron diffraction to be crystalline (fcc) palladium. Carbon monoxide adsorbed on the colloidal metal, both terminal and bridged CO being observed by solution infrared spectroscopy. A size dependency is observed for the bonding mode of CO, with the smallest particles giving the highest ratio of terminal CO to bridging CO and the largest particles showing only bridging CO.