The properties of prereduced (10%Co + 0.5%Pd)/Al2O3 (TiO2) systems in the CO hydrogenation reaction at atmospheric and high pressure were studied. At atmospheric pressure, alumina-supported catalysts were more selective toward methane but those using titania were more active. Alumina containing samples demonstrated high temperature H-2 desorption, firmly held surface carbonate species, high tendency to agglomeration. During the reaction metal surface reconstruction and increased formation of CH2 groups occurred being more pronounced with titania-supported catalysts. Stability tests at 250 degrees C showed opposite behaviour of both systems. Monodentate carbonate intermediates adsorbed on sites of moderate strength prevailed on titania samples, while formate species predominated on high strength sites of alumina-supported catalysts. High pressure catalytic tests revealed dependence of activity on T-red, synthesis of C2+ hydrocarbons, decreased CO2 production, a higher CH4/CO2 ratio for alumina containing system. Due to SMSI, increased CO2 production on titania samples was preserved. Titania-supported catalysts revealed a stronger decrease of CO conversion rising T-red while alumina catalysts had almost unchanged activity. CO conversion decreased with time due to difficulties in surface diffusion of reagents/intermediates/products and metal particle agglomeration. Concerning T-red comparison of product distribution showed a steady trend. Because of stable CO and CHx surface species, titania containing catalysts produced lower content of C5+ compounds. Alumina-supported samples showed a higher selectivity to C5+ compounds at the expense of methane. A higher selectivity ratio for CH4 and CO2 determined in catalytic CO hydrogenation over a certain catalyst at atmospheric pressure could indicate that a given sample is predisposed to form C2+ hydrocarbons at a higher pressure.