The fluid loss control additive plays a key role in reducing reservoir damage and improving the cementing quality of an oil well. Aiming at good fluid loss control ability and excellent dispersibility, a new dispersive type fluid loss control additive was synthesized through orthogonal experiment with 2-acrylamido-2- methyl propane sulfonic acid, acrylamide, N, N-dimethylacrylamide and maleic anhydride. The orthogonal experiment result shows that the influence on the properties of FLCA decreases in the order: PH value > monomer concentration > monomer mole ratio > initiator concentration > temperature. The result indicates that the optimal conditions for FLCA were 4/2.5/2.5/1 of mole ratio of AMPS/AM /NNDMA/MA, 32.5% total monomer concentration in deionized water, 1.0% (by weight of monomer) ammonium persulfate/sodium bisulfite, 4 of PH value, 40°Cof temperature. The synthesized copolymer was identified by FTIR analysis. The results show the dispersive type fluid loss control additive has excellent dispersibility, fluid loss control ability, thermal resistant and salt tolerant ability. As the temperature increases, the thickening time of the slurry containing the synthesized additive reduces. The copolymer is expected to be a good fluid loss control additive.