We investigate dispersion compensation using dispersion-compensating fiber (DCF) for ultrashort light pulse code division multiple access (CDMA) communication systems. Fiber link is composed of standard single-mode fiber (SMF) connected with two different types of DCFs. Fiber dispersion can be effectively decreased by properly adjusting a length ratio of DCF to SMF. Some different dispersion compensation criteria are proposed and their performances are compared to improve transmission distance through the fiber link. As a result, our demonstrating compensation allows almost distortion-free signal transmission over the compensated fiber link in excess of 30 km, and improves system performance drastically.