We present a dilaton dominated scenario for supersymmetry breaking in a recently constructed realistic superstring inspired model with an anomalous U(1) symmetry. Supersymmetry is broken via gaugino condensation due to a confining SU(Nc) gauge group in the hidden sector. In particular, we find that by imposing on the model the phenomenological constraint of the absence of observed flavor changing neutral currents, there is a range of parameters related to the hidden sector and the Kahler

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... al for which we obtain a low energy spectrum consistent with present experimental bounds. As an illustrative example, we derive the low energy spectrum of a specific model. We find that the LSP is the lightest neutralino with a mass of 53 GeV and the lightest Higgs has a mass of 104 GeV.