| Academy Award Nominations and Winners: |
| Best Picture |
| Best Director: Lasse Hallström |
| ✓ | Best Supporting Actor: Michael Caine |
| ✓ | Best Adapted Screenplay: John Irving |
| Best Art Direction: David Gropman; Beth A. Rubino |
| Best Film Editing: Lisa Zeno Churgin |
| Best Original Score: Rachel Portman |
|
| Golden Globe Nominations: |
| Best Supporting Actor: Michael Caine |
| Best Screenplay: John Irving |
|
| Other Awards: |
| Screen Actors Guild Awards: Best Supporting Actor (Caine) |
| National Board of Review: Best Screenplay |
| Satellite Awards: Best Adapted Screenplay |