The invention discloses ice cream milk pulp, a preparation method thereof and an ice cream containing the same. The ingredients of the ice cream milk pulp comprise raw milk, sweetening agents, 24-degree palm oil, 52-degree palm oil, coconut oil, stabilizing agents, emulsifying agents and water. The preparation method comprises the steps of mixing the ingredients uniformly, and obtaining an ingredient solution; conducting pre-homogenizing, ultra high temperature sterilization, sterility homogenizing and cooling, and obtaining the ice cream milk pulp. According to the ice cream milk pulp, a part of butter oil is replaced with vegetable fat, the cholesterol content of a product is reduced, the production cost is greatly reduced as well, and the stability and sensory effect of the product are not affected on account of poor compatibility of the vegetable fat. The ice cream milk pulp is great in texture, smooth to taste, outstanding in flavor and good in liquidity and stability, the guarantee period can reach nine months under the normal temperature condition, and the ice cream prepared with the same is uniform in state, good in firmness, ideal in expansion rate, smooth to taste and good in flavor.