A new effective and reliable channel-timeslot allocation algorithm has been proposed, which is applied in WDM optical networks using fiber as their media to allocate the operational request. This new algorithm can differentiate the priority of all requests and avoid conflict and collision in the process of distributing channel and timeslot for the data waiting for transmission. The method in calculating the best wavelength channel and the best timeslot number is simply given. The algorithm is carried out in a math language. On the basis of the experiment results, the performance and feasibility of the algorithm are analyzed, which prove that the allocation method can reach the requirements of an algorithm both in space complexity and time complexity.