A method and apparatus for fabricating a conjugate fiber. Resins having different properties, for example, resins of the same or different components including functional pigments or substances are continuously and alternatively discharged in an endless state by operating a spinning nozzle unit in a melting state, thereby fabricating the conjugate fiber having the different properties in the longitudinal direction of the fiber, and having various surface effects and patterns in the longitudinal direction of the fiber. A conjugate fiber fabricated by the above apparatus and method is also provided.