The objective of this paper is to investigate effects of the specific heat and the diameter of suspending particles on the heat transfer coefficient of two phase turbulent flow with suspension of solid particles in a circular tube with constant heat flux. Heat transfer coefficients of two phase turbulent flow in pipe with suspension of graphite powder were measured with variations of particle sizes and solid-gas loading ratio. Measured data were compared with predictions by numerical analysis in which the turbulece models are closed on the first order level. Results show that heat transfer coefficient increases with increasing the solid-gas loading ratio and the specific heat of suspending material, however, it decreases as the average diameter of particles decreases below $24{mu}m$.