The effect of impregnation methods and heat-treatment temperature at the early stage of densification on the impregnation efficiency, microstructure, and thermal stability of carbon-carbon composites prepared from carbon-phenolic green composites was studied. The results suggest that simultaneous application of pressure and heat provides better impregnation performance during densification at the early stage of carbon-carbon composite fabrication than ultrasonic impregnation and vacuum infiltration impregnation. Also, optical microscopic examination strongly supports the result of the impregnation efficiency obtained using three different resin impregnation methods. An additional heat-treatment at 2000 degreesC after carbonization results in better thermal stability and a denser microstructure of the fiber and matrix of the composite. For the carbonized composites, including a fully cured furfuryl alcohol resin impregnant, the weight loss measured by a thermogravimetric method quantitatively agrees with the weight loss occurred in a carbonization furnace at the corresponding temperature.