An experiment was conducted at the Bangladesh Jute Research Institute, Dhaka with the improved cultivars of Corchorus capsularis L. in order to study the variability and character correlation for yield potentiality. Wide ranges of variability were observed for seven characters in the materials studied. Correlation studies showed a strong association between fibre yield and plant height, base diameter, bark weight and stick weight independently in all the cultivars and also between fibre and seed yield except CC-45. Partial correlation analysis indicated that fibre yields was more dependent on plant height in C1 and on base diameter in D-154, C2, C5 and CC-45 but in case of C3, C4, C6, CVL-1 and CVE-3 fibre yield was dependent on both the characters. Multiple correlation revealed that the combined effect of plant height and base diameter maintained highly significant correlation (r=0.71 to 0.98) with fibre yield in all the cultivars.