| Pos | Driver | Team | Grid | Time / gap | Pts |
|---|---|---|---|---|---|
| 1 | Jim Rathmann | Watson | 2 | 3:36:11.360 | 8 |
| 2 | Rodger Ward | Watson | 3 | +12.750s | 6 |
| 3 | Paul Goldsmith | Epperly | 26 | +3:07.300s | 4 |
| 4 | Don Branson | Phillips | 8 | +3:07.980s | 3 |
| 5 | Johnny Thomson | Lesovsky | 17 | +3:11.350s | 2 |
| 6 | Eddie Johnson | Trevis | 7 | +4:10.610s | 1 |
| 7 | Lloyd Ruby | Watson | 12 | +4:25.590s | |
| 8 | Bob Veith | Meskowski | 25 | +5:17.480s | |
| 9 | Bud Tingelstad | Trevis | 28 | +8:19.910s | |
| 10 | Bob Christie | Kurtis Kraft | 14 | +8:40.280s | |
| 11 | Red Amick | Epperly | 22 | +11:10.580s | |
| 12 | Duane Carter | Kuzma | 27 | +11:17.200s | |
| 13 | Bill Homeier | Kuzma | 31 | +12:10.710s | |
| 14 | Gene Hartley | Kurtis Kraft | 24 | +4 laps | |
| 15 | Chuck Stevenson | Watson | 9 | +4 laps | |
| 16 | Bobby Grim | Meskowski | 21 | +6 laps | |
| 17 | Shorty Templeman | Kurtis Kraft | 19 | Clutch | |
| 18 | Jim Hurtubise | Christensen | 23 | Engine | |
| 19 | Jimmy Bryan | Epperly | 10 | Fuel system | |
| 20 | Troy Ruttman | Watson | 6 | Axle | |
| 21 | Eddie Sachs | Ewing | 1 | Magneto | |
| 22 | Don Freeland | Kurtis Kraft | 11 | Magneto | |
| 23 | Tony Bettenhausen | Watson | 18 | Engine | |
| 24 | Wayne Weiler | Epperly | 15 | Accident | |
| 25 | Anthony Foyt | Kurtis Kraft | 16 | Clutch | |
| 26 | Eddie Russo | Kurtis Kraft | 29 | Accident | |
| 27 | Johnny Boyd | Epperly | 13 | Engine | |
| 28 | Gene Force | Kurtis Kraft | 20 | Brakes | |
| 29 | Jim McWithey | Epperly | 32 | Brakes | |
| 30 | Len Sutton | Watson | 5 | Engine | |
| 31 | Dick Rathmann | Watson | 4 | Brakes | |
| 32 | Al Herman | Ewing | 30 | Clutch | |
| 33 | Dempsey Wilson | Kurtis Kraft | 33 | Magneto |