Best Actress, 1981
Katharine Hepburn (On Golden Pond - winner), Diane Keaton (Reds), Marsha Mason (Only When I Laugh), Susan Sarandon (Atlantic City), Meryl Streep (The French Lieutenant's Woman)
Talk about the passing of the torch. 1981 saw Katharine Hepburn earn the last of her 12 Best Actress Oscar nominations, and her fourth and final win (more than any other actress), just as Meryl Streep captured the first of her 15 (and counting!) nods. Sandwiched between these two for-the-ages actors were vital talents Mason, Keaton, and Sarandon, who've been nominated for Best Actress four, four, and five times respectively themselves. Golden Pond indeed.