Carbon black was surface-modified to prepare styrene-based suspension polymerized toner with excellent carbon black dispersibility inside toner particles. Carbon black was oxidized first to introduce hydroxyl groups on the surfaces, then esterification between the hydroxyl groups and carboxyl groups of organic acids (oleic acid, palmitic acid, acrylic acid) was followed to obtain organically surface-modified carbon black. The surface-modification of carbon black was confirmed by FTIR. Apparent carbon black dispersibility in the monomer mixture of the binder resin was tested and the particle size of dispersed carbon black was measured by particle size analyzer. Optical micrographs showed that carbon black dispersibility inside toner particles was improved considerably when the carbon black surfacemodified with oleic acid was used. The polymerized toner prepared with the carbon black surface-modified with oleic acid showed ideal particle size and size distribution as a toner.