It is known that Liouville theory can be represented as an SL(2,R) gauged WZW model. We study a two dimensional field theory which can be obtained by analytically continuing some of the variables in the SL(2,R) gauged WZW model. We can derive Liouville theory from the analytically continued model, ( which is a gauged SL(2, C)/SU(2) model, ) in a similar but more rigorous way than from the origi...