Radio frequency glow discharge oxygen plasma was used to modify the surfaces of PAN-based and mesophase pitch-based carbon fibers. Surface chemical changes to the fibers were monitored by X-ray photoelectron spectroscopy and by fiber wetting studies evaluated in terms of dispersive-polar components of surface energy and acid-base contribution to the work of adhesion. Physical changes to these fibers were monitored by scanning electron microscopy. Stress transferability of these fibers was evaluated by the embedded single fiber test in poly(methyl methacrylate), poly(ethyl methacrylate), poly(methacrylonitrile) and poly(vinyl chloride) as these matrices offered varying degrees of dispersive-polar and acid-base character. Experimentally determined critical aspect ratios were compared to the theoretical work of adhesion determined by dispersive-polar interactions and with the Lewis acid-base nature of the matrices.