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No, A Bug's Life (1998) did not win any Academy Awards.
While it was a commercial and critical success, it received only one nomination:
It is important to note that the Best Animated Feature category did not exist at the time. The Academy did not introduce that category until the 74th Academy Awards in 2002 (for films released in 2001), where the first winner was Shrek. During the 1990s, animated films had to compete in general categories, primarily those related to music or sound.
While the film lost the Oscar for Best Original Musical or Comedy Score, Randy Newman's score for the film did win a Grammy Award for Best Instrumental Composition.
No, A Bug's Life (1998) did not win any Oscars. It received one nomination for Best Original Musical or Comedy Score (Randy Newman), but lost to Shakespeare in Love. The Best Animated Feature category had not yet been created.