Magnetoelectric(ME) laminate composites of $Pb(Mg_{1/3}Nb_{2/3})O_3-PbTiO_3 (PMN-PT)$ and Terfenol-D were prepared by sandwiching single crystals of PMN-PT between Terfenol-D disks. The magnetoelectric voltage coefficient (dE/dH) of the composite was determined to be 10.30 V/cm${cdot}$Oe, at 1 kHz and under a dc magnetic bias of 0.4 T. The value of dE/dH is ∼80 times higher than either that of naturally occurring magnetoelectrics or artificially-grown magnetoelectric composites. This superior magnetoelectric voltage coefficient is attributed to the high piezoelectric voltage constant as well as the high elastic compliance of PMN-PT single crystal and the large magnetostrictive response of Terfenol-D.