| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 3 | Myron Fohr | 2 | Carl Marchese | Marchese/Offenhauser | 100 | 5,150 | running | 88 |
| 2 | 6 | Emil Andres | 9 | Carmine Tuffanelli | 1949 Kurtis 2000 009/Offenhauser | 100 | 3,708 | running | 0 |
| 3 | 18 | Mack Hellings | 8 | Tommy Lee | 1948 Kurtis 2000 319/Offenhauser | 100 | 2,060 | running | 0 |
| 4 | 14 | Jackie Holmes | 57 | Pat Clancy | Offenhauser | 100 | 1,442 | running | 0 |
| 5 | 5 | Johnny Mantz | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 100 | 1,236 | running | 0 |
| 6 | 8 | Paul Russo | 19 | Carmine Tuffanelli | 1949 Kurtis 2000 008/Offenhauser | 100 | 1,030 | running | 0 |
| 7 | 1 | Rex Mays | 77 | Wolfe | 1948 Kurtis 2000 323/Offenhauser | 100 | 824 | running | 0 |
| 8 | 11 | Jack McGrath | 33 | Leo Dobry | 1948 Kurtis 2000 317/Offenhauser | 100 | 824 | running | 0 |
| 9 | 12 | Bill Holland | 7 | Blue Crown Spark Plug | Offenhauser | 100 | 1,118 | running | 0 |
| 10 | 7 | Walt Brown | 18 | Milt Marion | 1949 Kurtis 2000 326/Offenhauser | 100 | 618 | running | 0 |
| 11 | 15 | Johnny McDowell Mel Hansen | 32 | Iddings | Meyer/Offenhauser | 100 | 515 | running | 0 |
| 12 | 10 | Ralph Pratt | 34 | Murrell Belanger | Offenhauser | 97 | 515 | running | 0 |
| 13 | 17 | Johnnie Parsons | 12 | Kurtis Kraft | 1948 Kurtis 1000 316/Offenhauser | 92 | 412 | running | 0 |
| 14 | 4 | Bayliss Levrett | 69 | Offenhauser | 1948 Kurtis 2000 324/Offenhauser | 78 | 412 | brakes | 0 |
| 15 | 16 | Bill Sheffler | 4 | Sheffler | Bromme/Offenhauser | 37 | 412 | rear axle | 0 |
| 16 | 2 | George Connor | 37 | Grancor | Bromme/Offenhauser | 36 | 412 | connecting rod | 12 |
| 17 | 13 | Ted Duncan | 72 | Lutes | Offenhauser | 30 | 206 | brakes | 0 |
| 18 | 9 | Troy Ruttman | 46 | Flavell | 5 | 206 | piston | 0 | |
| Tony Bettenhausen | 99 | Meyer-Drake | 0 | did not qualify | 0 | ||||
| Jim Rathmann | 68 | Wetteroth/Offenhauser | 0 | did not qualify | 0 | ||||
| Sam Hanks | 21 | Offenhauser | 0 | did not qualify | 0 | ||||
| Danny Kladis | 45 | Lencki | 0 | did not qualify | 0 | ||||
| Mel Hansen | 55 | Offenhauser | 0 | did not qualify | 0 | ||||
| Hal Cole | 14 | Kurtis 2000/Offenhauser | 0 | did not qualify | 0 | ||||
| Charles Van Acker | 56 | Offenhauser | 0 | did not qualify | 0 | ||||
| Milt Fankhauser | 72 | Karl Hall | Offenhauser | 0 | did not qualify | 0 | |||
| Buster Warke | 54 | Offenhauser | 0 | did not qualify | 0 | ||||
| Norm Houser | 71 | Offenhauser | 0 | did not qualify | 0 | ||||
| Bill Cantrell | 74 | Anderson/Offenhauser | 0 | did not qualify | 0 | ||||
| Duane Carter | 17 | Murrell Belanger | Stevens/Offenhauser | 0 | did not qualify | 0 |