Tb0.22Dy0.48Ho0.35Fe2 quaternary alloys are prepared by melting-top casting-annealing process. X-ray diffraction reveals that the alloy is single phase polycrystalline alloy with MgCu2 type cubic Laves phase structure, and (511) preferred orientation occurs in its. The magnetostriction measurements are carried out at room temperature using standard strain gauge technique in magnetic fields up to 400kA·m-1. The results show that when the magnetic field, H, is 90kA·m-1, the magnetostriction, λ ,of Tb0.22Dy0.48Ho0.35Fe2 quaternary alloys is 260×10-6, and when the H is 210kA·m-1, the λ is 438×10-6. When the H is 400kA·m-1, the λ is up to the saturation value, 538×10-6. As compared with TbDyFe ternary alloys, the λ of the quaternary alloy is significantly higher when the H is less than or equal to 210kA·m-1. When the H is 120kA·m-1,the λ of the alloy is 333×10-6,70×10-6 more than the ternary alloy. Research results and mechanism are discussed.