Generally, multi-path is viewed as an undesirable feature of wireless communications. Therefore, diversity reception and adaptive array schemes are proposed to mitigate its effects. Recently, to increase the spectrum efficiency and the link reliability, multiple-input multiple-output (MIMO) scheme is devised to exploit multi-path in a scattering wireless channel. In this paper, we have evaluated the channel capacity of MIMO Multi-Carrier CDMA system in path correlation fading channel. And, the channel capacity of MIMO system is compared with single-input single-output (SISO) system. From the results, the MIMO multi-carrier CDMA system with path correlation yields better performance with respect to channel capacity than a SISO system.