A series of novel ternary conductive composites have been prepared by incorporating functionalized multiwalled carbon nanotubes (FMWCNTs) into the binary composites of poly(amide-imide) (PAI) and poly( o-methoxyaniline) (POMA) to further improve the conductivity of PAI composites. With increasing the weight ratio of FMWCNTs, the conductivity of PAI/POMA/FMWCNTs ternary composites has been significantly enhanced from 10−3 S m−1 to 90 S m−1, much higher than that of the sum of PAI/POMA and PAI/FMWCNTs binary composites. The enhanced conductivity is mainly ascribed from a much more intensive conductive network formed in the PAI/POMA/FMWCNTs ternary composites. It is found that the N–H bending of amide group in the Fourier transform infrared spectrometry spectra is observed at 3298 cm−1 for PAI, 3296 cm−1 for PAI/POMA binary composites, and further blue shifted to 3292 cm−1 for PAI/POMA/FMWCNTs ternary composites. Moreover, the glass transition temperature has been increased from 82.5°C to 117.7°C. These results suggested that the hydrogen bonding interaction has been strengthened among PAI, POMA, and FMWCNTs, which is useful for dispersion of condcutive fillers into the polymer matrix.