This article presents a study carried out in relation to the multiwalled nanotube–polymer composite. In the interest of full utilization of the unique properties of the nanotube in the composite, issues addressed include the dispersion of nanotubes, adhesion (contact) at the nanotube–polymer matrix interface, and alignment of nanotubes in the polystyrene (PS) matrix. Good dispersion of nanotubes in the composite was favored by low nanotube content. Nanotubes in the composite were in intimate contact with the PS matrix due to chemical bonding, resulting in the coating of nanotubes by PS. Two forms of nanotube alignment in the composite were observed. The first was a result of sufficiently unidirectional spread of the nanotube clump. The second was a result of preferential orientation of individual nanotubes, which were originally randomly and individually embedded.