Coherent amplification of a signal beam by a strong pump beam is observed in thin films of fullerene-doped nematic liquid crystal. Exponential gain constants as high as 2890 cm(-1) with no phase cross talk are achieved at low applied dc bias voltage and pump beam intensity. The underlying mechanism is the electro-optically induced spatially reorientation of the liquid-crystal axis and the resultant phase-shifted index grating required for two-beam coupling.