We report on the formation of highly anisotropic nanotube composite materials, made by the attachment of gold nanoparticles to the surface of the single-walled carbon nanotubes, followed by preparation of an aligned composite film by compression in a Langmuir-Blodgett trough. The gold is attached in a one-step sonication procedure. The gold-modified nanotube material forms a stable suspension in toluene and has been characterized by atomic force and scanning force microscopy, energy-dispersive X-ray spectroscopy, and Raman spectroscopy. The aligned films have highly anisotropic electrical properties, with a factor of similar to 3000 difference in the conductivity between the aligned and perpendicular directions.