A radio communication system for exchanging information between a base station and a terminal station by means of multi-carrier signals due to OFDM modulation scheme, wherein the base station has a means to generate transmission signals by modulating according to OFDM modulation scheme the information to be transmitted, generating multi-carrier signals, and performing modulation with a carrier whose band is narrower than that for the multi-carrier signal, and a means to perform transmitting processing by arranging the multi-carrier signal generated by the transmission signal generating means on a previously provided frequency band and performing transmission by arranging the narrow-band carrier in the vicinity of the frequency band, and the terminal station has a reception processing means to selectively perform the reception of multi-carrier signals transmitted by using the previously provided frequency band the reception of the narrow-band carrier in the vicinity of the frequency band.