Cobalt nanoparticles with various morphologies were synthesized by thermal decomposition of cobalt acetate in the presence of various surfactants at 260°C. A combination of surfactants consisting of sufficient amount of oleic acid together with polyvinylpyrrolidone and oleylamine resulted in well-dispersed cubic cobalt nanoparticles of ∼25nm in average size. When 1,2-dodecanediol was added as a reducing agent to the surfactant mixture, triangular-prism-shaped nanoparticles of ∼50nm in average size were synthesized. Furthermore, an injection of trioctylphosphine into the reactor as an additional surfactant decreased the particle size to ∼10nm. The XRD pattern of the prism-like particles corresponded to hexagonal close-packed crystalline phase of cobalt.