| Academy Award Nominations: |
| Best Original Screenplay: Steven Soderbergh |
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| Golden Globe Nominations: |
| Best Actress (Drama): Andie MacDowell |
| Best Supporting Actress: Laura San Giacomo |
| Best Screenplay: Steven Soderbergh |
|
| Other Awards: |
| Cannes Film Festival: Palme d'or (Best Picture); Best Actor (Spader); FIPRESCI Prize (tie) |
| Sundance Film Festival: Audience Award (Dramatic) |
| Independent Spirit Awards: Best Picture; Best Director; Best Actress (MacDowell); Best Supporting Actress (San Giacomo) |
| Los Angeles Film Critics Association: Best Actress (MacDowell; tie) |