| Academy Award Nominations and Winners: |
| Best Picture |
| Best Director: Peter Bogdanovich |
| Best Supporting Actress: Ellen Burstyn |
| ✓ | Best Supporting Actress: Cloris Leachman |
| Best Supporting Actor: Jeff Bridges |
| ✓ | Best Supporting Actor: Ben Johnson |
| Best Adapted Screenplay: Larry McMurtry & Peter Bogdanovich |
| Best Cinematography: Robert Surtees |
|
| Golden Globe Nominations and Winners: |
| Best Picture (Drama) |
| Best Director: Peter Bogdanovich |
| Best Supporting Actress: Ellen Burstyn |
| Best Supporting Actress: Cloris Leachman |
| ✓ | Best Supporting Actor: Ben Johnson |
| Most Promising Newcomer (Female): Cybill Shepherd |
|
| Other Awards: |
| New York Film Critics Circle: Best Supporting Actress (Burstyn); Best Supporting Actor (Johnson); Best Screenplay (tie) |
| National Society of Film Critics: Best Supporting Actress (Burstyn) |
| National Board of Review: Best Supporting Actress (Leachman); Best Supporting Actor (Johnson) |
| British Academy Awards (BAFTAs): Best Supporting Actress (Leachman); Best Supporting Actor (Johnson); Best Screenplay |