In this study, a novel core-shell structured Pd3Fe@Pt/C electrocatalyst, which is based on Pt deposited onto carbon supported Pd3Fe nanoparticles, is prepared for the oxygen reduction reaction (ORR) in proton exchange membrane fuel cells (PEMFCs). The carbon supported Pd3Fe nanoparticles act as seeds to guide the growth of Pt. The formation of the core-shell structured Pd3Fe@)Pt/C is confirmed by transmission electron microscopy (TEM), X-ray diffraction (XRD) and electrochemical characterization. The higher surface area of the synthesize catalyst suggests that the utilization of Pt in the Pd3Fe@Pt/C catalyst is higher than that in Pt/C. Furthermore, better electrocatalytic performance than that of Pt/C and Pd3Fe/C catalyst is observed in the ORR which follows a four-electron path. Consequently, the results indicate that the Pd3Fe@Pt/C catalyst could be used as a more economically viable alternative for the ORR of PEMFCs. (C) 2009 Elsevier B.V. All rights reserved.