The 1987 Academy Awards were presented April 11, 1988 at the Shrine Civic Auditorium, Los Angeles.
| Best Picture | Broadcast News, James L. Brooks, producer (Twentieth Century-Fox) |
| Fatal Attraction, Stanley R. Jaffe and Sherry Lansing, producers (Paramount) |
| Hope and Glory, John Boorman, producer (Columbia) |
| The Last Emperor, Jeremy Thomas, producer (Columbia) |
| Moonstruck, Patrick Palmer and Norman Jewison, producers (MGM) |
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 The Last Emperor Archive Photos |
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| Actor in a Leading Role | Michael Douglas, Wall Street |
| William Hurt, Broadcast News |
| Marcello Mastroianni, Dark Eyes |
| Jack Nicholson, Ironweed |
| Robin Williams, Good Morning, Vietnam |
| Actress in a Leading Role | Cher, Moonstruck |
| Glenn Close, Fatal Attraction |
| Holly Hunter, Broadcast News |
| Sally Kirkland, Anna |
| Meryl Streep, Ironweed |
| Actor in a Supporting Role | Albert Brooks, Broadcast News |
| Sean Connery, The Untouchables |
| Morgan Freeman, Street Smart |
| Vincent Gardenia, Moonstruck |
| Denzel Washington, Cry Freedom |
| Actress in a Supporting Role | Norma Aleandro, Gaby—A True Story |
| Anne Archer, Fatal Attraction |
| Olympia Dukakis, Moonstruck |
| Anne Ramsey, Throw Momma From the Train |
| Ann Sothern, The Whales of August |
| Directing | Bernardo Bertolucci, The Last Emperor |
| John Boorman, Hope and Glory |
| Lasse Hallström, My Life as a Dog |
| Norman Jewison, Moonstruck |
| Adrian Lyne, Fatal Attraction |
| Writing | | Screenplay Written Directly for the Screen | Woody Allen, Radio Days | | John Boorman, Hope and Glory | | James L. Brooks, Broadcast News | | Louis Malle, Au Revoir les Enfants | | John Patrick Shanley, Moonstruck | | Screenplay Based on Material From Another Medium | James Dearden, Fatal Attraction | | Lasse Hallström, Reidar Jö nsson, Brasse Brännström and Per Berglund, My Life as a Dog | | Tony Huston, The Dead | | Stanley Kubrick, Michael Herr and Gustav Hasford, Full Metal Jacket | | Mark Peploe and Bernardo Bertolucci, The Last Emperor |
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| Cinematography | Michael Ballhaus, Broadcast News |
| Allen Daviau, Empire of the Sun |
| Philippe Rousselot, Hope and Glory |
| Vittorio Storaro, The Last Emperor |
| Haskell Wexler, Matewan |
| Art Direction | Santo Loquasto, art direction; Carol Joffe, Les Bloom and George DeTitta, Jr., set decoration, Radio Days |
| Anthony Pratt, art direction; Joan Woolard, set decoration, Hope and Glory |
| Norman Reynolds, art direction; Harry Cordwell, set decoration, Empire of the Sun |
| Ferdinando Scarfiotti, art direction; Bruno Cesari and Osvaldo Desideri, set decoration, The Last Emperor |
| Patrizia Von Brandenstein and William A. Elliot, art direction; Hal Gausman, set decoration, The Untouchables |
| Sound | Wayne Artman, Tom Beckert, Tom Dahl and Art Rochester, The Witches of Eastwick |
| Les Fresholtz, Dick Alexander, Vern Poore and Bill Nelson, Lethal Weapon |
| Robert Knudson, Don Digirolamo, John Boyde and Tony Dawe, Empire of the Sun |
| Michael J. Kohut, Carlos de Larios, Aaron Rochin and Robert Wald, RoboCop |
| Bill Rowe and Ivan Sharrock, The Last Emperor |
| Music | | Song | “Cry Freedom,” Cry Freedom, George Fenton and Jonas Gwangwa, music and lyrics | | “(I've Had) The Time of My Life,” Dirty Dancing, Franke Previte, John DeNicola and Donald Markowitz, music; Franke Previte, lyrics | | “Nothing's Gonna Stop Us Now,” Mannequin, Albert Hammond and Diane Warren, music and lyrics | | “Shakedown,” Beverly Hills Cop II, Harold Faltermeyer and Keith Forsey, music; Harold Faltermeyer, Keith Forsey and Bob Seger, lyrics | | “Storybook Love,” The Princess Bride, Willy DeVille, music and lyrics | | Original Score | George Fenton and Jonas Gwangwa, Cry Freedom | | Ennio Morricone, The Untouchables | | Ryuichi Sakamoto, David Byrne and Cong Su, The Last Emperor | | John Williams, Empire of the Sun | | John Williams, The Witches of Eastwick |
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| Film Editing | Gabriella Cristiani, The Last Emperor |
| Michael Kahn, Empire of the Sun |
| Michael Kahn and Peter E. Berger, Fatal Attraction |
| Richard Marks, Broadcast News |
| Frank J. Urioste, RoboCop |
| Costume Design | James Acheson, The Last Emperor |
| Jenny Beavan and John Bright, Maurice |
| Dorothy Jeakins, The Dead |
| Bob Ringwood, Empire of the Sun |
| Marilyn Vance-Straker, The Untouchables |
| Makeup | Rick Baker, Harry and the Hendersons |
| Bob Laden, Happy New Year |
| Visual Effects | Joel Hynek, Robert M. Greenberg, Richard Greenberg and Stan Winston, Predator |
| Dennis Muren, William George, Harley Jessup and Kenneth Smith, Innerspace |
| Short Films | | Animated | George and Rosemary (Eunice Macaulay, producer; National Film Board of Canada) | | The Man Who Planted Trees (Frédéric Back, producer; Société Radio-Canada/Canadian Broadcasting Corporation) | | Your Face (Bill Plympton, producer; Bill Plympton Productions) | | Live Action | Making Waves (Ann Wingate, producer; The Production Pool Ltd.) | | Ray's Male Heterosexual Dance Hall (Jonathan Sanger and Jana Sue Memel, producers; Chanticleer Films) | | Shoeshine (Robert A. Katz, producer; Tom Abrams Productions) |
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| Documentary | | Short Subject | Frances Steloff: Memoirs of a Bookseller (Deborah Dickson, producer; Winterlude Films, Inc. Production) | | In the Wee Wee Hours…(Dr. Frank Daniel and Izak Ben-Meir, producers; University of Southern California School of Cinema/Television) | | Languge Says It All (Megan Williams, producer; Tripod Production) | | Silver Into Gold (Lynn Mueller, producer; Stanford University Department of Communications) | | Young at Heart (Sue Marx and Pamela Conn, producers; Sue Marx Films, Inc. Production) | | Feature | Eyes on the Prize: America's Civil Rights Years/Bridge to Freedom 1965 (Callie Crossley and James A. DeVinney, producers; Blackside, Inc. Production) | | Hellfire: A Journey From Hiroshima (John Junkerman and John W. Dower, producers; Muraki Film Project) | | Radio Bikini (Robert Stone, producer; Crossroads Film Project, Ltd.) | | A Stitch for Time (Barbara Herbich and Cyril Christo, producers; Peace Quilters Production Company, Inc.) | | The Ten-Year Lunch: The Wit and Legend of the Algonquin Round Table (Aviva Slesin, producer; Aviva Films) |
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| Foreign Language Film | Au Revoir les Enfants (Goodbye, Children), France |
| Babette's Feast, Denmark |
| Course Completed, Spain |
| The Family, Italy |
| Pathfinder, Norway |
| Irving G. Thalberg Memorial Award | Billy Wilder |
| Special Achievement Award | | Sound Effects Editing | Stephen Flick and John Pospisil, RoboCop |
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