<PAGE> 1
Rule 424(b)(3)
Registration No. 333-26517
LORAL SPACE & COMMUNICATIONS LTD.
PROSPECTUS SUPPLEMENT NO. 5 DATED NOVEMBER 21, 1997
TO PROSPECTUS DATED JULY 11, 1997
The Selling Holders table on pages 7-10 of the Prospectus is hereby amended
to update the information regarding the following entities and their respective
number of shares of Preferred Stock and Common Stock.
<TABLE>
<CAPTION>
NUMBER OF NUMBER OF
SHARES OF SHARES OF
SELLING HOLDERS PREFERRED STOCK COMMON STOCK
------------------------------------------------------- --------------- ------------
<S> <C> <C>
OCM Convertible Trust.................................. 103,200 258,000
State of Connecticut Combined Investment Funds......... 79,500 198,750
Dean Witter Convertible Securities Trust............... 59,100 147,750
Delta Air Lines Master Trust........................... 57,000 142,500
Hughes Aircraft Company Master Retirement Trust........ 34,000 85,000
State Employees' Retirement Fund of the State of
Delaware............................................. 23,400 58,500
Merrill Lynch Pierce Fenner & Smith Inc................ 16,600 41,500
Lazard Freres & Co. LLC................................ 8,500 21,250
</TABLE>
