Wynne Prize 1987
Winner: Trustees' Watercolour Prize 1987

John Caldwell Icebergs off Davis
Winner: Pring Prize 1987
Janet Laurence Fool moon
- Suzanne Archer - Rivers & Rains
- Ian Bettinson - Landscape painting II
- Marion Borgelt - Palaeolithic Landscape
- John Caldwell - Icebergs off Davis (Winner: Trustees' Watercolour Prize 1987)
- Patrick Carroll - Ancient forms and riverbend
- Robert Clinch - Parallax
- Tony Costa - Hamersley Range WA (I)
- Sam Fullbrook - Pikes Farm at Haden
- Craig Gough - Yarra - East View
- Ian Grant - Near Bathurst
- Sali Herman - A country store
- Louis James - Hello Dawn!
- Graham Janes - Old Woman
- Eva Kubbos - Cliff faces - dusk
- Maria Therese Kuczynska - Torso
- Geoff La Gerche - The Mitre Rock and Lake from Mount Arapiles
- Janet Laurence - Fool moon
- Bruno Leti - Girrawheen
- Sandra Leveson - From the series 'Notes from various pasts'
- Christopher Lewis - Monumental Figure
- Keith Looby - Island from my garden
- Elwyn Lynn - Burnt track
- Victor Majzner - Australian baroque (Flinders Ranges)
- Jeffrey Makin - Lakeside Winter
- Clem Millward - Far West, Cobar
- John Peart - Stony creek grey
- Peter Pinson - View from 35 Water Transport Squadron, Woolwich
- David Rankin - The bay at night
- William Robinson - Mount Tamborine on fire
- Michael Shannon - Mount Ida, after the fire
- Ann Thomson - From Pier 2
- David Van Nunen - Camp Cove, 1987
- Neville Watson - Simpsons Gap
- Judith White - Corporate View
- John Wolseley - A natural history of the Napier Range, no 2
- Margaret Woodward - Painting in First Snow, Guthega
- Peter Yeomans - Distant light
- Jock Young - Mog's View
- Salvatore Zofrea - Strahan Harbour, Tasmania