A liquid crystal display device includes first and second aligning films which are respectively arranged on first and second substrates. A liquid crystal layer is provided between the first and the second aligning films. A first polarizing plate is arranged on an opposite side of the first substrate. A second polarizing plate is arranged on an opposite side of the second substrate. A viewing angle compensating film formed of at least one discotic liquid crystal, which the compensating film being arranged in at least one of a part between the first polarizing plate and the first substrate and a part between the second polarizing plate and the second substrate. At least one retardation plate is arranged in at least one of a part between the first polarizing plate and the first substrate and a part between the second polarizing plate and the second substrate.