The shape memory composite (SMC) with shape memory alloy (SMA) and shape memory polymer (SMP) was fabricated, and the two-way bending deformation and recovery force were investigated. The results obtained can be summarized as follows. (1) Two kinds of SMA tapes which show the shape memory effect and superelasticity were heat-treated to memorize the round shape, respectively. The shape-memorized round SMA tapes were sandwiched between the SMP sheets, and the SMC belt was fabricated. (2) The two-way bending deformation with an angle of 56 degrees is observed during heating and cooling. (3) If the SMC belt is heated and cooled by keeping the form, recovery force increases during heating and decreases during cooling.