We rewrite the action for QCD2 in the light-cone gauge only in terms o
f a bilocal mesonic field. In this formalism the 1/N expansion can be
done in a straightforward way by a saddle point technique that determi
nes the master field to be identified with the vacuum expectation valu
e of the bilocal field. Finally we show that the equation of motion fo
r the fluctuations around the master field is identical with the 't Ho
oft meson equation.