The 4th AVN Awards ceremony, organized by Adult Video News (AVN), took place on January 9, 1987 at the Tropicana Hotel Grand Ballroom in Paradise, Nevada. During the ceremony, AVN Awards were presented in 32 categories honoring excellence in the world of adult movies released on videocassette between January 1 and December 31, 1986. The show was hosted by Adult Video News co-publishers Paul Fishbein and Barry Rosenblatt.

The AVN Awards are film awards sponsored and presented by the American adult video industry trade magazine AVN to recognize achievement in various aspects of the creation and marketing of American pornographic films. They are often called the "Oscars of porn".