A liquid crystal display comprising a pair of polarizing films, a liquid crystal cell placed between the polarizing films, and an optical compensatory sheet placed between the liquid crystal cell and at least one of the polarizing films, wherein the optical compensatory sheet comprises an optically anisotropic layer (1) and an optically anisotropic layer (2), and satisfies the following condition: 2.0.ltoreq.(.DELTA.n.times.d)/Rth(2).ltoreq.5.0 wherein .DELTA.n is a birefringence of a liquid crystal molecule in the liquid crystal cell, d is a thickness (nm) of the liquid crystal cell, and Rth(2) is an Rth value of the optically anisotropic layer (2).