This was the first race after major renovations at the Speedway, which included a new control tower and pit apron separated from the track by a concrete wall.
Pat O'Connor was on the pole, but Sam Hanks took the win ahead of Jim Rathmann and Jimmy Bryan. In victory lane, Hanks tearfully announced his retirement.
In a field of 31 Offenhauser-powered cars and two Novis, Paul Russo's fourth-place finish was Novi's best since Duke Nalon had driven it to third in 1948.
Driver Keith Andrews was killed when he crashed during a practice session.