This invention discloses a pearl compound fiber and its making method, the pearl compound fiber is produced by the mixture and co-gather of the hydrolysis pearl and polyvinylalcohols, the method as follows: first dissolving the material, filtering, and sending them into the action kettle by a certain proportion, then stirring, mixing up, and heating the spinning original liquid, then filtering and sending it into the deaeration barrel, warming the deaeration barrel, and then spinning, drawing, drying and shaping, cutting off, curling, acetaling and tying, finally obtaining the product. The effect is that the product's bleaching and dying capability, its white and bright are all improved greatly.