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Academy Awards

1988 | Nominee: Best Music, Original Song

Toronto International Film Festival

1987 | Winner: People's Choice Award

Writers Guild of America

1988 | Nominee: Best Screenplay Based on Material from Another Medium (Screen)

National Film Preservation Board

2016 | Winner: National Film Registry

American Comedy Awards

1988 | Nominee: Funniest Supporting Male Performer - Motion Picture or TV

American Comedy Awards

1988 | Nominee: Funniest Supporting Female Performer - Motion Picture or TV

Hugo Awards

1988 | Winner: Best Dramatic Presentation