Liu Tsung-yuan plays the most important role of Chinese fabulists after Tang Dynasty, The special characteristic of his fable 'San-chieh' is that it is designed as a single fable; it is explicit, didactic and lively. 'San-chieh' is the most well-praised one of all his fables, After Liu Tsung-yuan's life time, newly invented fables were nearly often attributed to him. Most of them would certainly be current in different forms, expanded or abridged, and would be continually varied in the detail. According to the derivative writing rule, we found the value and the influence of Liu Tsung-yuan's San-chieh'. Moreover, we look forward to the achievement of later fabulists and leading the life wisdom of modern people by reading those fables. This paper includes three parts: preface, body paragraphs and conclusion. The body paragraphs make a research on three aspects: first, to analyze San-chieh's quality; second, to give a description of San-chieh's influence on later fabulist; last, to find out the characteristics, superiority, inferiority of San-chieh and the later fables which were affected by San-chieh.