August 29 to September 9, 1988

Leone d'Oro: La leggenda del santo bevitore
Grand Special Jury Prize: Camp de Thiaroye
Leone d'Argento: Topio stin omichli
Coppa Volpi - Best actor: Joe Mantegna & Don Ameche (Things Change)
Coppa Volpi - Best actress: Shirley MacLaine (Madame Sousatzka) & IsabelleHuppert (Une affaire de femmes)
Osella - Best screenplay: Mujeres al borde de un ataque de nervios
Osella - Best cinematography: Chyornyy monakh
Osella - Best score: Un señor muy viejo con unas alas enormes
Osella - Best set design: Burning Secret

Jury
Sergio Leone, President (Italy)
Maria Julia Bertotto (Argentina)
Klaus Eder (Germany)
Hannah Fischer (France)
Gilbert de Goldschmidt (Francia)
Adoor Gopalakrishnan (India)
Lena Olin (Sweden)
Natalija Riazanceva (Sweden)
Harry Dean Stanton (USA)
Lina Wertmüller (Italy)