The 1st Lo Nuestro Awards ceremony, presented by Univision honoring the best Latin music of 1988 and 1989 took place on May 31, 1989 at the Knight Center, in Miami, Florida, United States. The ceremony was broadcast in the United States and Latin America by Univision.

The Lo Nuestro Award for Pop Album of the Year was an honor presented annually by American television network Univision at the Lo Nuestro Awards. The accolade was established to recognize the most talented performers of Latin music. The nominees and winners were originally selected by a voting poll conducted among program directors of Spanish-language radio stations in the United States and also based on chart performance on Billboard Latin music charts, with the results being tabulated and certified by the accounting firm Deloitte. However, since 2004, the winners are selected through an online survey. The trophy awarded is shaped in the form of a treble clef.