| Date: | 1987 |
| Location: | Centro Libanés, Mexico City, Mexico D.F. |
| Previous: | 4th |
| Main: | TVyNovelas Awards |
| Next: | 6th |
| Host: | Raúl Velasco & Gloria Calzada |
| Network: | Canal de las Estrellas |
| Most Awards: | Cuna de lobos (14) |
| Most Nominations: | Cuna de lobos (10) |
The 5th TVyNovelas Awards were an academy of special awards to the best soap operas and TV shows. The awards ceremony took place in 1987 in Centro Libanés, Mexico City, Mexico D.F. The ceremony was televised in Mexico by Canal de las Estrellas.
Raúl Velasco and Gloria Calzada hosted the show. Cuna de lobos won 10 awards, the most for the evening, including Best Telenovela. Other winners El camino secreto and Pobre juventud won 2 awards and La indomable and Monte Calvario won 1 each.
| Telenovela | Nominations | Awards | |
|---|---|---|---|
| Cuna de lobos | 14 | 10 | |
| El camino secreto | 8 | 2 | |
| La gloria y el infierno | 7 | 0 | |
| Pobre juventud | 4 | 2 | |
| Yesenia | 4 | 0 | |
| Monte Calvario | 3 | 1 | |
| La indomable | 2 | 1 |
| Best Telenovela | Best Production | |
|---|---|---|
| ||
| Best Actress | Best Actor | |
| Best Antagonist Actress | Best Antagonist Actor | |
| Best Experienced Actress | Best Experienced Actor | |
| Best Young Lead Actress | Best Young Lead Actor | |
|
| |
| Best Female Revelation | Best Male Revelation | |
| ||
| Best Original Story or Adaptation | Best Direction | |
|
|
| Best Comedy Program | Best Entertainment or Variety Program | |
|---|---|---|
|
| |
| Best Comedic Performance | Best Host or Hostess | |
|
| |
| Best Singer | Revelation as a Singer | |
|