-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TSM42t+9HOOqQbBGDQinH8KP6YZhCTEIJUdXQZIWwcuDbRbtZBq6/ady0/VR7z3+
 aOvpvpuC/wxg5o7i5L7uNg==

<SEC-DOCUMENT>/in/edgar/work/20000919/0000899140-00-000396/0000899140-00-000396.txt : 20000923
<SEC-HEADER>0000899140-00-000396.hdr.sgml : 20000923
ACCESSION NUMBER:		0000899140-00-000396
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000919

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LORAL SPACE & COMMUNICATIONS LTD
		CENTRAL INDEX KEY:			0001006269
		STANDARD INDUSTRIAL CLASSIFICATION:	 [4812
]		IRS NUMBER:				133867424
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		424B3
			SEC ACT:		
			SEC FILE NUMBER:	333-34652
			FILM NUMBER:		725045
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		600 THIRD AVE
				STREET 2:		C/O LORAL SPACECOM CORP
				CITY:			NEW YORK
				STATE:			NY
				ZIP:			10016
				BUSINESS PHONE:		2126971105
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		600 THIRD AVE
					STREET 2:		C/O LORAL SPACECOM CORP
					CITY:			NEW YORK
					STATE:			NY
					ZIP:			10016
</MAIL-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>PROSPECTUS SUPPLEMENT NO. 1
<TEXT>

<PAGE>


                                                                  Rule 424(b)(3)
                                                      Registration No. 333-34652

                     LORAL SPACE AND COMMUNICATIONS LIMITED

              PROSPECTUS SUPPLEMENT NO. 1 DATED SEPTEMBER 18, 2000
                        TO PROSPECTUS DATED MAY 10, 2000

     The Selling Holders table on pages 47 - 48 of the Prospectus is hereby
amended to add the following selling holder.

<TABLE>
<CAPTION>
                                                         Number of Shares    Number of Shares
                                                           of Preferred       of Conversion
Selling Holders                                                Stock              Shares
- ---------------                                          ----------------    ----------------
<S>                                                           <C>                <C>
BNP Arbitrage SNC                                             182,000            458,893
Morgan Stanley & Co.                                          117,468            296,183
Deephaven Domestic Convertible Trading Ltd.                   100,000            252,130
Lehman Brothers Inc.                                           90,450            174,231
Goldman Sachs & Company                                        17,000             42,862
Coastal Convertibles Ltd.                                      15,000             37,820
Associated Electric & Gas Insurance Services Limited           14,000             35,298
Bear Stearns & Co. Inc.                                       *12,500            *31,517
Worldwide Transactions, Ltd.                                    5,680             14,321

- -------------------------------------------------
*    Additional shares only; does not include shares already listed in the Prospectus.
</TABLE>


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----