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A matrix of pelleted catalysts composed of Pt, Pd, Pt co-impregnated with Pd, and Pt physically mixed with Pd supported on A l2O3 were compared with the same noble metal formulations supported on CeO2/Al2O3 for lightoff and warmed-up performance in net lean exhaust. These catalysts were tested as prepared (fresh) and following a relatively severe thermal aging treatment (cycled between net lean and net rich environment at 1000°C for 4 h). Pd showed better lightoff performance than Pt for catalyzing the oxidation of propylene, while Pt showed better lightoff and warmed-up performance than Pd for catalyzing the oxidation of propane. Having both Pt and Pd present as a result of co-impregnation or physical mixture results in good lightoff and warmed-up performance for the conversion of both types of hydrocarbons. The presence of CeO2 generally decreases lightoff performance for most of these catalysts.