A liquid crystal display device including first and second substrates sandwiching therebetween a liquid crystal layer, and first and second polarizers. The first polarizer and the second polarizer are disposed such that an optical absorption axis of the first polarizer and an optical absorption axis of the second polarizer cross each other perpendicularly. There is disposed an optically biaxial retardation film having refractive indices nx, ny and nz respectively in x-, y- and z-directions, wherein the optically biaxial retardation film provides an in-plane retardation having a magnitude defined by |nx-ny| • d, with d representing a thickness of the optically biaxial retardation film, and further wherein the in-plane retardation of the optically biaxial retardation film has a value of 20 nm or more but does not exceed 80 nm.