The modified Schultz index of a graph is defined as S*(G) = Σ(u,v)⊂v(G)(d(u)·d(v))dG(u,v) where d(u) (or d(v)) is the degree of the vertex u (or v), and dG(u,v) is the distance between u and v. Explicit formulas for calculating the modified Schultz index of C4C3 nanotubes are provided in this report. Copyright ©2009 American Scientific Publishers All rights reserved.