| Academy Award Nominations and Winners: |
| Best Picture |
| Best Director: Robert Altman |
| Best Supporting Actress: Ronee Blakley |
| Best Supporting Actress: Lily Tomlin |
| ★ | Best Original Song: "I'm Easy" |
|
| Golden Globe Nominations and Winners: |
| Best Picture (Drama) |
| Best Director: Robert Altman |
| Best Supporting Actress: Ronee Blakley |
| Best Supporting Actress: Geraldine Chaplin |
| Best Supporting Actress: Barbara Harris |
| Best Supporting Actress: Lily Tomlin |
| Best Supporting Actor: Henry Gibson |
| Best Screenplay: Joan Tewkesbury |
| Best Acting Debut in a Motion Picture (Female): Ronee Blakley |
| Best Acting Debut in a Motion Picture (Female): Lily Tomlin |
| ★ | Best Original Song: "I'm Easy" |
|
| Other Awards: |
| New York Film Critics Circle: Best Picture; Best Director; Best Supporting Actress (Tomlin) |
| Los Angeles Film Critics Association: Best Screenplay |
| National Society of Film Critics: Best Picture; Best Director; Best Supporting Actress (Tomlin); Best Supporting Actor (Gibson) |
| National Board of Review: Best Picture (tie); Best Director (tie); Best Supporting Actress (Blakley) |
| British Academy Awards (BAFTAs): Best Sound (William A. Sawyer, James E. Webb, Chris McLaughlin, and Richard Portman) |
