The 1998 Academy Awards were presented March 21, 1999 at the Dorothy Chandler Pavilion, Los Angeles.
| Best Picture | Elizabeth, Alison Owen, Eric Fellner and Tim Bevan, producers (Gramercy) |
| Life Is Beautiful, Elda Ferri and Gianluigi Braschi, producers (Miramax) |
| Saving Private Ryan, Steven Spielberg, Ian Bryce, Mark Gordon and Gary Levinsohn, producers (DreamWorks) |
| Shakespeare in Love, David Parfitt, Donna Gigliotti, Harvey Weinstein, Edward Zwick and Marc Norman, producers (Miramax) |
| The Thin Red Line, Robert Michael Geisler, John Roberdeau and Grant Hill, producers (20th Century Fox) |
| Actor in a Leading Role | Roberto Benigni, Life Is Beautiful |
| Tom Hanks, Saving Private Ryan |
| Ian McKellen, Gods and Monsters |
| Nick Nolte, Affliction |
| Edward Norton, American History X |
| Actress in a Leading Role | Cate Blanchett, Elizabeth |
| Fernanda Montenegro, Central Station |
| Gwyneth Paltrow, Shakespeare in Love |
| Meryl Streep, One True Thing |
| Emily Watson, Hilary and Jackie |
| Actor in a Supporting Role | James Coburn, Affliction |
| Robert Duvall, A Civil Action |
| Ed Harris, The Truman Show |
| Geoffrey Rush, Shakespeare in Love |
| Billy Bob Thornton, A Simple Plan |
| Actress in a Supporting Role | Kathy Bates, Primary Colors |
| Brenda Blethyn, Little Voice |
| Judi Dench, Shakespeare in Love |
| Rachel Griffiths, Hilary and Jackie |
| Lynn Redgrave, Gods and Monsters |
| Directing | Roberto Benigni, Life Is Beautiful |
| Steven Spielberg, Saving Private Ryan |
| John Madden, Shakespeare in Love |
| Terrence Malick, The Thin Red Line |
| Peter Weir, The Truman Show |
| Writing | | Screenplay Written Directly for the Screen | Warren Beatty and Jeremy Pikser; story by Warren Beatty, Bulworth | | Vincenzo Cerami and Roberto Benigni, Life Is Beautiful | | Robert Rodat, Saving Private Ryan | | Marc Norman and Tom Stoppard, Shakespeare in Love | | Andrew Niccol, The Truman Show | | Screenplay Based on Material Previously Produced or Published | Bill Condon, Gods and Monsters | | Scott Frank, Out of Sight | | Elaine May, Primary Colors | | Scott B. Smith, A Simple Plan | | Terrence Malick, The Thin Red Line |
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| Cinematography | Conrad L. Hall, A Civil Action |
| Remi Adefarasin, Elizabeth |
| Janusz Kaminski, Saving Private Ryan |
| Richard Greatrex, Shakespeare in Love |
| John Toll, The Thin Red Line |
| Art Direction | John Myhre, Elizabeth |
| Jeannine Oppewall, Pleasantville |
| Tom Sanders, Saving Private Ryan |
| Martin Childs and Jill Quertier, Shakespeare in Love |
| Eugenio Zanetti, What Dreams May Come |
| Sound | Kevin O'Connell, Greg P. Russell and Keith A. Wester, Armageddon |
| Kevin O'Connell, Greg P. Russell and Pud Cusack, The Mask of Zorro |
| Gary Rydstrom, Gary Summers, Andy Nelson and Ronald Judkins, Saving Private Ryan |
| Robin O'Donoghue, Dominic Lester and Peter Glossop, Shakespeare in Love |
| Andy Nelson, Anna Behlmer and Paul Brincat, The Thin Red Line |
| Music | | Song | “I Don't Want to Miss a Thing,” Armageddon, Diane Warren | | “The Prayer,” Quest for Camelot, Carole Bayer Sager, David Foster, Tony Renis and Alberto Testa | | “A Soft Place to Fall,” The Horse Whisperer, Allison Moorer and Gwil Owen | | “That'll Do,” Babe: Pig in the City, Randy Newman | | “When You Believe,” The Prince of Egypt, Stephen Schwartz | | Original Score | David Hirschfelder, Elizabeth | | Nicola Piovani, Life Is Beautiful | | Randy Newman, Pleasantville | | John Williams, Saving Private Ryan | | Hans Zimmer, The Thin Red Line | | Original Musical or Comedy Score | Randy Newman, A Bug's Life | | Matthew Wilder, David Zippel and Jerry Goldsmith, Mulan | | Marc Shaiman, Patch Adams | | Stephen Schwartz and Hans Zimmer, The Prince of Egypt | | Stephen Warbeck, Shakespeare in Love |
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| Film Editing | Simona Paggi, Life Is Beautiful |
| Anne V. Coates, Out of Sight |
| Michael Kahn, Saving Private Ryan |
| David Gamble. Shakespeare in Love |
| Billy Weber, Leslie Jones and Saar Klein, The Thin Red Line |
| Costume Design | Colleen Atwood, Beloved |
| Alexandra Byrne, Elizabeth |
| Judianna Makovsky, Pleasantville |
| Sandy Powell, Shakespeare Iin Love |
| Sandy Powell, Velvet Goldmine |
| Makeup | Jenny Shircore, Elizabeth |
| Lois Burwell, Conor O'Sullivan and Daniel C. Striepeke, Saving Private Ryan |
| Lisa Westcott and Veronica Brebner, Shakespeare in Love |
| Visual Effects | Richard R. Hoover, Pat McClung and John Frazier, Armageddon |
| Rick Baker, Hoyt Yeatman, Allen Hall and Jim Mitchell, Mighty Joe Young |
| Joel Hynek, Nicholas Brooks, Stuart Robertson and Kevin Mack, What Dreams May Come |
| Sound Effects Editing | George Watters, II, Armageddon |
| David McMoyler, The Mask of Zorro |
| Gary Rydstrom and Richard Hymns, Saving Private Ryan |
| Short Films | | Animation | Bunny (Chris Wedge, producer; Blue Sky Studios, Inc. Production) | | The Canterbury Tales (Christopher Grace and Jonathan Myerson, producers; S4C/BBC Wales/HBO Production) | | Jolly Roger (Mark Baker, producer; Astley Baker/Silver Bird Production for Channel Four) | | More (Mark Osborne and Steve Kalafer, producers; Bad Clams Productions/Swell Productions/Flemington Pictures Production) | | When Life Departs (Karsten Kiilerich and Sefan Fjeldmark, producers; A. Film Production) | | Live Action | Culture (Will Speck & Josh Gordon, producers; False Alarm Pictures Production) | | Election Night (Valgaften) Kim Magnusson and Anders Thomas Jensen, producers; M & M Production) | | Holiday Romance (Alexander Jovy, producer; Jovy Junior Enterprises Ltd. Production) | | La Carte Postale (The Postcard) (Vivian Goffette, producer; K2 S.A. Production) | | Victor Simon Sandquist and Joel Bergvall, producers; Bergvall Bilder/Hemikrania Production) |
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| Documentary | | Short Subject | The Personals: Improvisations on Romance in the Golden Years (Keiko Ibi, director; Keiko Ibi Film Production) | | A Place in the Land (Charles Guggenheim, director; Guggenheim Production) | | Sunrise Over Tiananmen Square (Shui-Bo Wang and Donald McWilliams, directors; National Film Board of Canada Production) | | Feature | Dancemaker (Matthew Diamond and Jerry Kupfer, producers; Four Oaks Foundation Production) | | The Farm: Angola, U.S.A. (Jonathan Stack and Liz Garbus, producers; Gabriel Films Production) | | The Last Days (October) (James Moll and Ken Lipper, producers; Survivors of the Shoah Visual History Foundation Production) | | Lenny Bruce: Swear to Tell the Truth (Robert B. Weide, producer; Whyaduck Productions, Inc.) | | Regret to Inform (Barbara Sonneborn and Janet Cole, producers; Sun Foundation Production) |
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| Foreign Language Film | Central Station, Brazil |
| Children Of Heaven, Iran |
| The Grandfather, Spain |
| Life Is Beautiful, Italy |
| Tango, Argentina |
| Irving G. Thalberg Award | Norman F. Jewison, producer-director |
| Scientific and Technical Award | Avid Technology, Inc. |
| Honorary Award | Elia Kazan, director |
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