Abstract. Let E be an arbitrary compact subset of the extended complex plane C with nonempty interior. For a function f continuous on E and analytic in the interior of E denote by ρ n (f ; E) the least uniform deviation of f on E from the class of all rational functions of order at most n. In this paper we show that if f is not a rational function and if K is an arbitrary compact subset of the interior of E, then n k=0 (ρ k (f ; K)/ρ k (f ; E)), the ratio of the errors in best rational approximation, converges to zero geometrically as n → ∞ and the rate of convergence is determined by the capacity of the condenser (∂E, K). In addition, we obtain results regarding meromorphic approximation and sharp estimates of the Hadamard type determinants.