  Aspherical explosion models for the hypernova (hyper-energetic supernova) SN
1998bw are presented. Nucleosynthesis in aspherical explosions is examined with
a two-dimensional hydrodynamical code and a detailed nuclear reaction network.
Aspherical explosions lead to a strong $\alpha$-rich freezeout, thus enhancing
the abundance ratios [$^{44}$Ca, $^{48}$Ti, and $^{64}$Zn / Fe] in the ejecta.
The nebular line profiles of the Fe-dominated blend near 5200 \AA and of [\OI]
6300,6363 \AA are calculated and compared with the observed late time spectra
of SN 1998bw. Compared with the spherical model, the unusual features of the
observed nebular spectra can be better explained if SN 1998bw is a strongly
aspherical explosion with a kinetic energy of $\sim 10^{52}$ ergs viewed from
near the jet direction.
