An LCD device includes first and second compensation polarizing films sandwiching therebetween a homogeneously-oriented liquid crystal layer. The first compensation polarizing film includes a polarizing film having an in-plane retardation of 35 to 245 nm, wherein n1.gtoreq.nz>n2, wherein n1 and n2 are refractive indexes of optical axes extending perpendicular to each other within the first retardation film and nz is a thickness-direction refractive index of the first retardation film. The second compensation polarizing film has a protection layer, a polarizing film and a retardation film having an in-plane retardation of 0 to 10 nm and thickness-direction retardation of 0 to 35 nm.