Results of an experimental study on the manufacture, the mechanical properties and watertightness of pitch - based carbon fiber reinforced fly ash. cement composites are presented in this paper. The carbon fiber reinforced fly ash. cement composites using early strength cement silica powder and a small amount of stylene butadiene rubber latex are prepared with carbon fiber, foaming agents and mixing conditions. As a result, the mechanical and physical properties such as compressive , tensile and flexural strengths, watertightness and drying shrinkage of lightweight carbon fiber reinforced fly ash cement composites are Improved by using a samll amount of stylene butadiene rubber latex. Also, the manufacturing pnx:ess technology of carbon fiber reinforced fly ash . cement composItes is developed. The development and applications of precast products of lightweight carbon fiber remforced cement composites are expected in the near future.