Two methods, direct acid leaching, alkali fusion and acid leaching, were adopted to deal with the Waste Trichromatic Fluorescent Phosphors (WTFPs). The research results showed that using the direct acid leaching method can only dissolved the Red phosphors. And yet, high-temperature alkali fusion could effectively destroy the Mg-Al spinel structure of the components of the Blue and the Green phosphors, and make REEs dissolved completely. The acid leaching efficiency of REEs could reach 100% when the weight ratio of NaOH with WTFPs is 6:1, and the calcination temperature is 900 °C and the reaction time is 4 hrs.