Underwood, 23, a 2005 "American Idol" winner, was nominated for Female Artist of the Year, Single of the Year, Music Video of the Year and the Horizon award, a coveted award given to rising country stars.
The Oklahoman reported Monday that Underwood, from the small town of Checotah, had no big expectations of winning, however.
"As far as being nominated, I'm obviously very excited about that. My chances? I don't know," she told the newspaper. "I mean, the names on the list are just incredibly talented people, so I'm just glad to be mentioned in the same breath as them.