<p>A liquid crystal panel and a liquid crystal display exhibiting excellent screen contrast while suppressing color shift and unevenness in display. The liquid crystal panel comprises a liquid crystal cell, a first polarizer arranged on one side of the liquid crystal cell, a second polarizer arranged on the other side of the liquid crystal cell, and at least two optical compensation layers including first and second optical compensation layers arranged between the first and second polrizers. The first optical compensation layer has the absolute value of photoelasticity coefficient not larger than 40×10<SUP>-12</SUP> (m<SUP>2</SUP>/N) and has relations expressed by formulas (1) and (2), and the second optical compensation layer has relations expressed by formulas (3) and (4). ?nd(380)<?nd(550)<?nd(780)...(1) nx>ny=nz...(2) Rth(380)>Rth(550)>Rth(780)...(3) nx=ny>nz...(4)</p>
