A method for producing acrylic composite fibers having water absorption property wherein a cellulose acetate containing-component has substantially no microvoids but has mainly macrovoids, a porosity of the total fibers is 0.05.about.0.75 cm.sup.3 /g and a surface area of the voids is not greater than 15 m.sup.2 /g, which comprises conjugate spinning two organic solvent solutions A and B, at least one of the solutions containing a polymer consisting of 2.about.50% by weight of cellulose acetate and 50.about.98% by weight of an acrylic polymer, into a coagulation bath at a temperature of no higher than 30.degree. C. through common orifices to form composite fibers wherein the formation of microvoids is restrained, primarily drawing the spun fibers at a draw ratio of 2.5.about.8 times to obtain water swelled fibers having distributed macrovoids, drying the swelled fibers at a temperature of 100.degree..about.180.degree. C. to a water content of no greater than 1.0% by weight to substantially eliminate microvoids and secondarily drawing the dried fibers under wet heat at a draw ratio of no greater than 3 times to promote the macrovoid structure.