  We prove that for every closed locally convex subspace $E$ of $L_0$ and for
any continuous linear operator $T$ from $L_0$ to $L_0/E$ there is a continuous
linear operator $S$ from $L_0$ to $L_0$ such that $T = QS$ where $Q$ is the
quotient map from $L_0$ to $L_0/E$.
