Multiple choice general knowledge Oscar Winner for Best Actor 1997 Matt Damon - Good Will Hunting as Will Hunting Jack Nicholson - As Good as It Gets as Melvin Udall Peter Fonda - Ulee's Gold as Ulee Jackson Dustin Hoffman - Wag the Dog as Stanley Motss Reveal answer Fill a bubble to check yourself B Correct answer Explanation Jack Nicholson won the 1997 Best Actor Oscar for his role as Melvin Udall in 'As Good as It Gets'. His performance as a obsessive-compulsive romance writer demonstrated his remarkable range and earned him his third Academy Award.