The stability of a colloidal dispersion in a waterborne paint system, which consists of dispersed pigment and polymeric particles (dispersion or emulsion) along with a water-soluble acrylic polymer, was investigated. It was found that adsorption of appropriate ultrafine particles to the relevant particles could stabilize these particles against flocculation, leading to lower viscosity and yield value. The gloss and smoothness of the resultant films are notably improved. As the stability of the colloidal particles in an aqueous system is strongly dependent on the electrostatic effect, the effect was evaluated by measuring the zeta-potentials of the relevant colloidal particles. The zeta-potential is the electric potential on the outside of the surface layer, which includes the counterions around the particle. The zeta-potentials of a series of pigments in a solution of a water-soluble polymer were determined. By arranging the pigments according to their zeta-potentials, an order of basicity-acidity was established for pigments in a waterborne system, and the order was found to be different from that of solventborne systems, thought to be due to adsorbed counterions. After dispersing the pigment sufficiently with an appropriate polymer dispersant, ultrafine particles (of size under 0.05 mu m) of lower refractive indexes were adsorbed to the surface of the pigments and polymeric particles. The adsorption layer of ultrafine particles can modulate the zeta-potentials of various colloidal particles to bring them into a certain range, so that the co-flocculation tendency between different colloids is remarkably diminished providing quite stable paint compositions by both electrostatic and steric hindrance effects.