An image projecting apparatus comprising: an image display element; an optical system, having an optical axis, and adapted to project an image displayed on the image display element onto a screen; an optical element (L14; L7; 70) comprised in the optical system and adapted to be shifted in a direction having a component in a direction perpendicular to the optical axis of the optical system, an adjusting mechanism (6A, 6B, 6C) adapted to shift the optical element in the direction having a component in the direction perpendicular to the optical axis, and a holding member (8, 11, 13) adapted to fix the optical element to a lens barrel; characterized in that the optical element includes a positive lens and a negative lens, or the optical element is a single lens, the following condition is satisfied: vdch < 35, and 0.5 mm 2 < P × fdch < 1.3 mm 2, where vdch is a combined Abbe number of materials of the optical element with respect to a d-line, fdch is a combined focal length of the optical element with respect to the d-line, and P is a pixel pitch of the image display element, and where, if the optical element is the single lens, the combined Abbe number vdch and the combined focal length fdch are an Abbe number of the material of the single lens with respect to the d-line and a focal length of the single lens with respect to the d-line, respectively, wherein, if the optical element includes a positive lens and a negative lens, the combined Abbe number vdch and the combined focal length fdch are given as 1 / fdch = 1 / fp + 1 / fn, and 1 / fdch × vdch = 1 / fp × vp + 1 / fn × vn, respectively, wherein fp is a focal length of the positive lens included in the optical element, vp is an Abbe number of the material of the positive lens included in the optical element, fn is a focal length of the negative lens included in the optical element, and vn is an Abbe number of the material of the negative lens included in the optical element; and wherein the image projecting apparatus satisfies the following condition in terms of a pixel pitch P of the image display element and a sensitivity Δch of color shift on the image display element with respect to a F-line and a C-line per 1-millimeter shift of the optical element in the direction perpendicular to the optical axis, which is defined by Δch = L/(fdch xvdch), where L is the equivalent air length from the optical element to the image display element: 0.7 < Δch / P < 4.9. an image display element; an optical system, having an optical axis, and adapted to project an image displayed on the image display element onto a screen; an optical element (L14; L7; 70) comprised in the optical system and adapted to be shifted in a direction having a component in a direction perpendicular to the optical axis of the optical system, an adjusting mechanism (6A, 6B, 6C) adapted to shift the optical element in the direction having a component in the direction perpendicular to the optical axis, and a holding member (8, 11, 13) adapted to fix the optical element to a lens barrel; characterized in that the optical element includes a positive lens and a negative lens, or the optical element is a single lens, the following condition is satisfied: vdch < 35, and 0.5 mm 2 < P × fdch < 1.3 mm 2, where vdch is a combined Abbe number of materials of the optical element with respect to a d-line, fdch is a combined focal length of the optical element with respect to the d-line, and P is a pixel pitch of the image display element, and where, if the optical element is the single lens, the combined Abbe number vdch and the combined focal length fdch are an Abbe number of the material of the single lens with respect to the d-line and a focal length of the single lens with respect to the d-line, respectively, wherein, if the optical element includes a positive lens and a negative lens, the combined Abbe number vdch and the combined focal length fdch are given as 1 / fdch = 1 / fp + 1 / fn, and 1 / fdch × vdch = 1 / fp × vp + 1 / fn × vn, respectively, wherein fp is a focal length of the positive lens included in the optical element, vp is an Abbe number of the material of the positive lens included in the optical element, fn is a focal length of the negative lens included in the optical element, and vn is an Abbe number of the material of the negative lens included in the optical element; and wherein the image projecting apparatus satisfies the following condition in terms of a pixel pitch P of the image display element and a sensitivity Δch of color shift on the image display element with respect to a F-line and a C-line per 1-millimeter shift of the optical element in the direction perpendicular to the optical axis, which is defined by Δch = L/(fdch xvdch), where L is the equivalent air length from the optical element to the image display element: 0.7 < Δch / P < 4.9.