The 58th National Board of Review Awards were announced on December 11, 1986, and given on February 9, 1987.

Top 10 films

1. A Room with a View
2. Hannah and Her Sisters
3. My Beautiful Laundrette
4. The Fly
5. Stand By Me
6. The Color of Money
7. Children of a Lesser God
8. 'Round Midnight
9. Peggy Sue Got Married
10. The Mission

Top Foreign films

1. Otello
2. Miss Mary
3. Ginger and Fred
4. Menage
5. Men...

Winners

• Best Picture:
  • A Room with a View
• Best Foreign Language Film:
  • Othello , Italy/Netherlands
• Best Actor:
  • Paul Newman - The Color of Money
• Best Actress:
  • Kathleen Turner - Peggy Sue Got Married
• Best Supporting Actor:
  • Daniel Day-Lewis - A Room with a View and My Beautiful Laundrette
• Best Supporting Actress:
  • Dianne Wiest - Hannah and Her Sisters
• Best Director:
  • Woody Allen - Hannah and Her Sisters
• Career Achievement Award:
  • Jack Lemmon