An investigation upon the characterization of MCMB anodes with different vapor grown carbon fiber (VGCF) content for application in lithium polymer battery(LPB) was carried out. When VGCF material was used as conducting agent with MCMB active material, the impedance and the initial coulombic efficiency of test cells were found to decrease with the increasing amount of VGCF. On the other hand, as a function of added VGCF the discharge capacity and the utilization linearly with increased. Impedance of test cell with MCMB anode containing $6wt\%$ VGCF exhibited the lowest value whereas the impedance of $8wt\%$ VUF contained anode was similar to that of MCMB anode without VGCF. Interestingly, $6wt\%$ VUF contained anode showed the best battery characteristics. Internal resistance and rate capacity of the cell were. respectively, $0.918{Omega};at;25C;and;93\%$ at 2C. Generally, rate capability and the cycleability of MCMB based test cells with $4~6wt\%$ VGCF content exhibited better results than the other cells. In the case of $6wt\%$ VGCF containing anode, the discharge capacity of the cell faded slowly with an ultimate charge-discharge cycling capacity of 178mAh/g at the 100th cycle. Thereafter, the discharge capacity faded negligibly and the utilization of the cell at the 100th cycle was more than $90\%$. The effect of addition of VGCF is discussed in detail.