The colloids of Eu(DBM)3 and ultrafine particles Eu(DBM)3 were perpared. The particle sizes determined by X-ray and by TEM measurements were in 7-30nm range. Their UV absorption and fluorescence spectra were compared with each other and with those of the solid sample. It was shown that the 5D1→7 F1,2 transition was observed in the colloids of Eu(DBM)3 at room temperature. The increase of the excited-state S1 and T1 energy, the peak positions of UV absorption shifted to shorter wavelength, the changes of the absoprtion coefficient with decreasing size were observed.