A novel microstructure fiber (MF) structure is proposed for broadband dispersion compensation. Through manipulating the four air-hole parameters and the pitch, the broad band dispersion compensation MF can be efficiently designed. The newly designed MF could compensate (to within 0.8%) the dispersion of 101 times of its length of standard single mode fiber over the entire 100-nm band centered on 1550 nm. The proposed design has been simulated through the finite difference beam propagation method, and the corresponding design procedures are also presented.