Binding properties of the mesophase pitches produced catalytically from naphthalene with HF/BF3 were examined in terms of their carbon value, fluidity, thermal stability, and oxidative stabilization reactivity. The present pitches with 100% anisotrophy and low softening points of 207-275-degrees-C provided very high coke yields of 80-88 wt% under atmospheric pressure and 90-95 wt% under 30 atm. Pitches with softening points of 207 and 224-degrees-C exhibited strikingly low viscosity below 1 Pa lozenge s at 350-degrees-C. It is noted that viscosity-temperature profiles of a series of the present pitches cover the complete area of the processing window for the manufacture of carbon-carbon composites, whose processes typically include impregnation of mesophase pitch into a two-dimensional carbon fiber preform, oxidative stabilization, and successive carbonizations. The pitches were thermally stable under nitrogen at 300-degrees-C, keeping the melt viscosity constant for longer than 100 h to assure easy handling. At the same time, they were very reactive for the oxidation in air at 200-degrees-C for rapid stabilization.