Average Speed: 21.44 mph  Attendance: 15,005  Weather: Heavy Overcast  Teams Attempting: 53  Pole Time: 2:28.0           2nd: 2:35.3          10th: 2:40.8          33rd: 2:55.6 Fastest Quals Lap: Karl Napper, Dodds House: 33.7 Charles Schultz (creator of "Peanuts") drew a cartoon of the Little 500, "Good greif,it's beyond belief!" Dodds House led the race until lap 169 when a bad exchange caused a dropped bike and gave the victory to Sigma Nu. Hugh O'Brian headlined the Variety Show Jill Corey was the Little 500 Sweetheart Pit Decorations won by Morrison Hall

Race Team Quals Co-ed Sponsor Financial Sponsor 1 Sigma Nu 5 Pi Beta Phi Indiana National Bank 2 Dodds House 1 Zeta Tau Alpha Curry Construction 3 Acacia 4 Kappa Alpha Theta Gregory & Appel 4 Phi Delta Theta 2 Kappa Kappa Gamma Standard Oil 5 Delta Chi 10 Forest Hall John R. Figg 6 Phi Gamma Delta 9 Alpha Phi Strickland Motors 7 Alpha Tau Omega 29 Alpha Chi Omega Harlos Construction 8 Sigma Pi 14 Alpha Omicron Pi Home Launderers 9 Ruter House 7 Smithwood IV Distinguished Alumni 10 Delta Upsilon 28 Kappa Delta L.S. Ayres 11 South Cottage Grove 8 Smithwood I 4,5,6 Hammond Times 12 North Hall Barons 3 Delta Delta Delta J.C. Penney 13 Tau Kappa Epsilon 6 Sigma Kappa Hamilton Cosco 14 Phi Kappa Psi 18 Delta Gamma Varsity Pharmacy 15 West Hall III Trojans 23 Weatherwax WTTV 16 Kappa Sigma 12 Chi Omega Johnson Creamery 17 Sigma Chi 22 Gamma Phi Beta City Securities 18 Rollins House 15 Smithwood I 2,3 Kingan and Company 19 Maple Hall North 17 Oak Hall Wilson-Partenheimer 20 South Hall Buccaneers 19 Pine Hall Stark & Wetzel 21 Delta Tau Delta 33 Alpha Gamma Delta Curry Bookstore 22 Kappa Delta Rho 24 Delta Zeta Vonderschmitt Theatres 23 Elliott House 31 Rogers Bowes Seal Fast 24 Lambda Chi Alpha 16 Sycamoe Hall University Chevrolet 25 Todd House 32 Memorial Hall Coca-Cola Bottling 26 Dunn House 21 Smithwood III Benavole Lincoln-Mercury 27 Zeta Beta Tau 13 Sigma Delta Tau Block's College Shop 28 Nichols House 27 Alpha Xi Delta Monon Railroad 29 Hall House 25 Rogers T Burford Printing 30 West Hall Saints 26 Morrison Hall Samuel C. Ennis 31 Sigma Alpha Mu 20 Phi Mu U.S. Rubber 32 Parks House 11 Smithwood II Zollner Machine Works 33 Theta Xi 30 Cedar Hall Cummins Engine