We got the aligned carbon tube in the rubber matrix through magnetic field. TEM shows that Fe3O4 is symmetrically coated on the outer surface of MWCNTs. Diffraction peaks corresponding to Fe3O4 cubic crystal also appeared in the X-ray diffraction spectra. Thermal conductivity of composites increases by filling the appropriate content of carbon tube. If the magnetic field is larger and the direction time is longer, a greater thermal conductivity of composites can be obtained.