. Let $u_t+f(u)_x=0$ be a strictly hyperbolic $n\times n$ system of conservation laws, each characteristic field being linearly degenerate or genuinely nonlinear. In this paper we explicitly define a functional $\Phi=\Phi(u,v)$, equivalent to the $\L^1$ distance, which is almost decreasing i.e., $$ \Phi\big( u(t),~v(t)\big)-\Phi\big( u(s),~v(s)\big)\leq \O(\ve)\cdot (t-s)\quad\hbox{for all}~~t>s\geq 0,$$ for every pair of <i></i>-approximate solutions <i>u</i>, <i>v</i> with small total variation, generated by a wave front tracking algorithm. The small parameter <i></i> here controls the errors in the wave speeds, the maximum size of rarefaction fronts and the total strength of all non-physical waves in <i>u</i> and in <i>v</i>. From the above estimate, it follows that front-tracking approximations converge to a unique limit solution, depending Lipschitz continuously on the initial data, in the ${\vec L}^1$ norm. This provides a new proof of the existence of the