As a compensator for use in an OCB mode liquid crystal display there is provided a compensating film capable of making color compensation and attaining such a viewing angle expansion as has not been attainable heretofore.A compensating film for a liquid crystal display, constituted by at least one layer of a compensating film to be used in an OCB mode liquid crystal display, the compensating film being formed by a discotic liquid crystalline material having a fixed orientation form of a discotic liquid crystal, the compensating film being disposed between a driving liquid crystal cell and a pair of upper and lower polarizing plates, and the orientation form being a hybrid orientation in which the angle between discotic liquid crystal directors near the upper interface of the film and the film plane and the angle between discotic liquid crystal directors near the lower interface of the film and film plane are different from each other.