Multi-walled carbon nanotubes (MWCNTs) with improved dispersion property have been prepared by a mild and fast hydrothermal treatment. The hydrothermal process avoids using harsh oxidants and organic solvents, which is environmental friendly and greatly decreases the damage to intrinsic structure of MWCNTs. The modified MWCNTs were highly soluble in polar solvents such as water, ethanol and dimethylformamide. Morphological observation by TEM indicated that the diameter and inherent structure were well reserved in modified MWCNTs. X-ray photoelectron spectroscopy and Raman spectroscopy were used to quantify functional groups created on the MWCNT surface, and to determine rational parameters of hydrothermal process. (C) 2010 Elsevier B.V. All rights reserved.