The effective compensation of waveform distortion due to chromatic dispersion in a single-mode fiber was demonstrated using an optical phase-conjugate wave generated by nondegenerate forward four-wave mixing in a zero-dispersion single-mode fiber. After transmission of 5- and 6-Gb/s continuous-phase FSK (CPFSK) signal through a dispersive single-mode fiber, a distortion compensation was confirmed hy measuring bit error rate characteristics and observing heterodyne-detected eye-patterns.