| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Troy Ruttman | 2 | Agajanian-Grant | Kuzma/Offenhauser | 50 | 1,275 | running | |
| 2 | 4 | Tony Bettenhausen | 99 | Murrell Belanger | 1949 Kurtis 327/Offenhauser | 50 | 975 | running | |
| 3 | 2 | Andy Linden | 57 | Leitenberger | 1951 Silnes-Sherman/Offenhauser | 50 | 862 | running | |
| 4 | 7 | Tommy Hinnershitz | 83 | Warke | Kurtis-Warke/Offenhauser | 50 | 675 | running | |
| 5 | 12 | Jack McGrath | 9 | Jack Hinkle | 1951 Kurtis 4000 339/Offenhauser | 50 | 525 | running | |
| 6 | 5 | Paul Russo | 7 | Russo-Nichels | 1950 Russo-Nichels/Offenhauser | 50 | 450 | running | |
| 7 | 10 | Joe James | 26 | Bob Estes | 1950 Watson/Offenhauser | 50 | 450 | running | |
| 8 | 8 | Bill Vukovich | 81 | Central Excavating | Trevis/Offenhauser | 50 | 337 | running | |
| 9 | 3 | Rodger Ward | 48 | Deck Manufacturing | Bromme/Offenhauser | 50 | 337 | running | |
| 10 | 11 | Manuel Ayulo | 31 | Coast Grain | Lesovsky/Offenhauser | 50 | 337 | running | |
| 11 | 9 | Henry Banks | 1 | Hopkins Blue Crown | Moore/Offenhauser | 50 | 337 | running | |
| 12 | 13 | Gordon Reid | 71 | Karl Hall | Stevens/Offenhauser | 50 | 300 | running | |
| 13 | 6 | Cliff Griffith | 23 | Morris | 1949 Kurtis 2000 328/Offenhauser | 50 | 225 | running | |
| 14 | 14 | Bill Schindler | 10 | Chapman | 1948 Kurtis 2000 323/Offenhauser | 50 | 150 | running |