The present invention is the preparation process of new cyclodextrin inclusion of lipophilic medicine, and solves the problem in preparing inclusion of lipophilic medicine with poor water solubility and lower stability. The preparation process completed inside co-solvent system of tert-butyl alcohol and water includes the following steps: dissolving the lipophilic medicine and cyclodextrin as including material separately in tert-butyl alcohol and water, mixing the obtained two kinds of solution to obtain single phase solution, and drying the mixed solution to obtain powder of cyclodextrin inclusion of lipophilic medicine. The present invention may prepare powder for injection, injection, tablet, capsule or other form. The present invention has simple preparation process, easy operation, short preparation period, low power consumption and no organic solvent residue, and is suitable for industrial production.