| Academy Award Nominations: |
| Best Picture |
| Best Director: Gus Van Sant |
| Best Actor: Matt Damon |
| Best Supporting Actress: Minnie Driver |
| ★ | Best Supporting Actor: Robin Williams |
| ★ | Best Original Screenplay: Ben Affleck & Matt Damon |
| Best Film Editing: Pietro Scalia |
| Best Original Score: Danny Elfman |
| Best Original Song: "Miss Misery" |
|
| Golden Globe Nominations: |
| Best Picture (Drama) |
| Best Actor (Drama): Matt Damon |
| Best Supporting Actor: Al Pacino |
| ★ | Best Screenplay: Ben Affleck & Matt Damon |
|
| Other Awards: |
| Berlin Film Festival: Outstanding Single Achievement (Damon) |
| Screen Actors Guild Awards: Best Supporting Actor (Williams) |
| European Film Awards: Outstanding European Achievement in World Cinema (Skarsgård; also cited for Amistad) |
| National Board of Review: Special Achievement in Filmmaking (Affleck & Damon) |
| Satellite Awards: Best Original Screenplay |