Magnetostrictive composites were usually fabricated using a wet process. The settlement of particles in liquid polymers due to the gravity results in the inhomogeneous and low magnetostrictive properties. To solve the problem, magnetostrictive composites were prepared using a dry process, and their properties were tested in this paper. Measurement of magnetostriction on different positions along the length direction of the material indicates the magnetostrictive composites prepared by the dry process present uniform properties due to the uniform distribution of the active particles in the polymer matrix. The saturation magnetostriction and the maximum dynamic magnetostriction of the [1-3] Terfenol-D composites prepared in the study was 1005ppm and 4.08nm/A, respectively, which was larger than the [0-3] ones.