In this study, the variation of fatigue strength in CF/PEEK and CF/EPOXY, the matrix and interfacial strength of which differ from each other, has been studied from the viewpoint of microfracture behavior. The results obtained are as follows; According as the fatigue strength moves from the lower cycle range to the higher cycle range, that of CF/PEEK shows higher curve than that of CF/EPOXY does. In the early stage of fatigue life, the characteristic of fatigue crack in CF/PEEK is mainly the fracture of longitudinal fiber, while that in CF/EPOXY is the fracture of transverse fiber. The difference of fatigue strength in these materials can be explained by the fracture criteria of transverse fiber and longitudinal fiber.