Degenerations of Lie algebras of meromorphic vector fields on elliptic
curves (i.e., complex tori) which are holomorphic outside a certain s
et of points (markings) are studied. By an algebraic geometric degener
ation process certain subalgebras of Lie algebras of meromorphic vecto
r fields on P1, the Riemann sphere, are obtained. In case of some natu
ral choices of the markings these subalgebras are explicitly determine
d. It is shown that the number of markings can change.