We study the effect of fiber additives on rheology and sedimentation of particle suspensions in a base viscoelastic suspending fluid in the case when the suspension is subjected to shear flow. We found experimentally that fiber additives (3-6 mm in length and 8-12 mu m in diameter at a mass fraction of 0-0.4%) increase the suspension viscosity and retard the particle sedimentation significantly. At the same mass concentration, long and thin fibers reduce the sedimentation velocity and increase the viscosity to a much greater extent than short and thick fibers. We revealed that both rheology and sedimentation are controlled by a single conformational parameter (overlap parameter) defined as the number of fibers per unit volume multiplied by fiber length cubed.