The National Board of Review includes teachers, actors, writers and movie-production workers. The organization publishes the magazine Films in Review.
| Best Picture | L.A. Confidential |
| Best Actor | Jack Nicholson, As Good As It Gets |
| Best Actress | Helena Bonham Carter, The Wings of the Dove |
| Best Supporting Actor | Greg Kinnear, As Good As It Gets |
| Best Supporting Actresses | Anne Heche, Wag the Dog and Donnie Brasco |
| Best Director | Curtis Hanson, L.A. Confidential |
| Best Foreign Film | Shall We Dance? |
| Best Documentary | Fast, Cheap & Out of Control |
| Career Achievement Award | Robert Duvall |
| Special Achievement in Filmmaking | Matt Damon and Ben Affleck |
| Freedom of Expression Award | Jon Avnet and Richard Gere |
| Director's Debut Award | Kasi Lemmons |
| Best Breakthrough Performer | Bai Ling, Red Corner |
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