1948

1. Red River (Howard Hawks)
2. Letter From an Unknown Woman (Max Ophuls)
3. The Red Shoes (Michael Powell and Emeric Pressburger)
4. Rope (Alfred Hitchcock)
5. Germany, Year Zero (Roberto Rossellini)
6. Unfaithfully Yours (Preston Sturges)
7. Force of Evil (Abraham Polonsky)
8. La Terra Trema (Luchino Visconti)
9. Louisiana Story (Robert Flaherty)
10. Fort Apache (John Ford)

Honorable Mentions:
The Bicycle Thief (Vittorio De Sica), Macbeth (Orson Welles), Yellow Sky (William A. Wellman), The Fallen Idol (Carol Reed), The Naked City (Jules Dassin), A Song Is Born (Howard Hawks), Great Expectations (David Lean), 3 Godfathers (John Ford), Sorry, Wrong Number (Anatole Litvak), Treasure of the Sierra Madre (John Huston)