A new type of magnetic polymer microspheres with super paramagnetic properties were prepared by a co-precipitation method. Atomic absorption spectroscopy (AAS), X-ray diffraction (XRD), transmission electron microscope (TEM) and scanning electron microscopy (SEM) were used to analyze Fe content, micro morphology, particle size and phase structure of the products. Results indicate that the content of Fe in the microspheres is up to 5.25 *105ug/g. The main phase of the product is Fe3O4. The average particle sizes of the products are ~30nm.