We report a facile strategy to synthesize the nanocomposite of Co(3)O(4) nanoparticles anchored on conducting graphene as an advanced anode material for high-performance lithium-ion batteries. The Co(3)O(4) nanoparticles obtained are 10-30 nm in size and homogeneously anchor on graphene sheets as spacers to keep the neighboring sheets separated. This Co(3)O(4)/graphene nanocomposite displays superior Li-battery performance with large reversible capacity, excellent cyclic performance, and good rate capability, highlighting the importance of the anchoring of nanoparticles on graphene sheets for maximum utilization of electrochemically active Co(3)O(4) nanoparticles and graphene for energy storage applications in high-performance lithium-ion batteries.