This week on And the Runner-Up Is, Kevin welcomes back writer and podcaster Cody Dericks to discuss the 1981 Oscar race for Best Actress, where Katharine Hepburn won for her performance in "On Golden Pond," beating Diane Keaton in "Reds," Marsha Mason in "Only When I Laugh," Susan Sarandon in "Atlantic City," and Meryl Streep in "The French Lieutenant's Woman." We discuss all of these nominated performances and determine who we think was the runner-up to Hepburn.

 0:00 - 12:47 - Introduction

12:47 - 39:44 - Diane Keaton

39:45 - 1:03:20 - Marsha Mason

1:03:21 - 1:22:40 - Susan Sarandon

1:22:41 - 1:45:58 - Meryl Streep

1:45:59 - 2:04:35 - Katharine Hepburn

2:04:36 - 2:58:13 - Why Katharine Hepburn won / Twitter questions

2:58:13- 3:03:00 - Who was the runner-up?

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Theme/End Music: "Diamonds" by Iouri Sazonov

Additional Music: "Storming Cinema Ident" by Edward Blakeley

Artwork: Brian O'Meara