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We present the first successful CVN (Chinese VLBI Network) phase-referencing observation of the pulsar B0329+54 on October 16, 2008 in S band. A new background source, J0347+5557, 2.5° away from the pulsar was employed as a position reference, which is closer to the pulsar and better for the 'nodding' mode than that used in previous observations. The position by fitting image of the pulsar relative to the calibrator is accurately determined at the level of tens of μas, which is comparable with the present differential VLBI astrometric accuracy, proving that CVN will be a potential powerful tool for astrometry and astrophysics. [ABSTRACT FROM AUTHOR]