1940

1. Rebecca (Alfred Hitchcock)
2. His Girl Friday (Howard Hawks)
3. Fantasia (James Algar, Samuel Armstrong, Ford Beebe, Norman Ferguson, Jim Handley, T. Hee, Wilfred Jackson, Hamilton Luske, Bill Roberts, Paul Satterfield, Ben Sharpsteen)
4. The Shop Around the Corner (Ernst Lubitsch)
5. The Grapes of Wrath (John Ford)
6. Foreign Correspondent (Alfred Hitchcock)
7. Pinocchio (Hamilton Luske and Ben Sharpsteen)
8. The Philadelphia Story (George Cukor)
9. Christmas In July (Preston Sturges)
10. They Drive By Night (Raoul Walsh)

Honorable Mentions:
Gaslight (Thorold Dickinson), The Long Voyage Home (John Ford), The Great McGinty (Preston Sturges), Return of Frank James (Fritz Lang), The Thief of Bagdad (Ludwig Berger, Michael Powell, Tim Whelan), The Mark of Zorro (Rouben Mamoulian), Dark Command (Raoul Walsh), The Great Dictator (Charles Chaplin)