Preparation of nanocrystalline ZSM-5 has been proven possible with carbon matrix by using confined space synthesis. In combination with the hydrothermal method, by the use of a mesoporous carbon nanotube as the inert support material, ZSM-5 with SiO2/Al2O3 ratios of 100 was successfully synthesized with an average crystal size of 27 nm. Their structures were preliminarily characterized by x-ray power diffraction (XRPD) and infrared spectroscopy (IR), and scanning electron microscopy (SEM), respectively. At the same time, we put forward the mechanism about the confined space synthesis in terms of the results.