Disclosed is a dispersion compensated multimode waveguide fiber link. The dispersion of essentially any wavelength can be compensated by adding a compensating waveguide fiber to the link, the compensating waveguide having a profile shape and a μp wavelength which counters dispersion caused by the original waveguide fiber of the link. Analytical expressions relating the compensator waveguide profile and μp to the original link and compensated profile and μp are provided for the embodiment which includes α profiles.