Ultrathin fims composed of titania nanosheets and Prussian Blue were prepared by using the modified Langmuir-Blodgett technique. The ultrathin films could be deposited in a layer-by-layer manner with lamellar structure. Upon band gap excitation of titania nanosheets, the generated electrons were injected into ferromagnetic Prussian Blue, resulting in reduction to paramagnetic Prussian White. It was revealed that the reaction could proceed only in the presence of hole-scavenging interlayer water molecules.