Single electron transistors (SET) are fabricated from multiwalled carbon nanotubes (MWNT) by manipulation with an atomic force microscope. The devices consist of either a single MWNT with Au contacts at the ends or of two crossing tubes. In the latter device, the lower nanotube acted as the central island of a single electron transistor while the upper one functioned as a gate electrode. Coulomb blockade oscillations were observed on the nanotube at low temperatures. The voltage noise of the nanotube-SET was gain dependent as in conventional SETs. The charge sensitivity at 10 Hz was 6x10 exp -4 e/√Hz. Furthermore, in another device where the MWNT is suspended above the substrate between the electrodes, we measure an extremely high charge sensitivity of 6x 10 exp -6 e/√Hz at 45 Hz, comparable to the best of the conventional SETs.Peer reviewe