| Circuit | Indianapolis Motor Speedway |
|---|---|
| Date | 1954-05-31 |
| Round | 2 |
| Pos | Driver | Team | Grid | Laps | Time/Status | Fastest Lap | Pts |
|---|---|---|---|---|---|---|---|
| 1 | Bill Vukovich | Kurtis Kraft | 19 | 200 | 3:49:17.270 | — | 8 |
| 2 | Jimmy Bryan | Kuzma | 3 | 200 | +1:09.950 | — | 6 |
| 3 | Jack McGrath | Kurtis Kraft | 1 | 200 | +1:19.730 | — | 5 |
| 4 | Troy Ruttman | Kurtis Kraft | 11 | 200 | +2:52.680 | — | 1.5 |
| 4 | Duane Carter | Kurtis Kraft | 11 | 200 | +2:52.680 | — | 1.5 |
| 5 | Mike Nazaruk | Kurtis Kraft | 14 | 200 | +3:24.550 | — | 2 |
| 6 | Fred Agabashian | Kurtis Kraft | 24 | 200 | +3:47.550 | — | 0 |
| 7 | Don Freeland | Phillips | 6 | 200 | +4:13.350 | — | 0 |
| 8 | Jerry Hoyt | Kurtis Kraft | 32 | 200 | +5:01.170 | — | 0 |
| 8 | Paul Russo | Kurtis Kraft | 32 | 200 | +5:01.170 | — | 0 |
| 9 | Larry Crockett | Kurtis Kraft | 25 | 200 | +7:07.240 | — | 0 |
| 10 | Cal Niday | Stevens | 13 | 200 | +7:07.690 | — | 0 |
| 11 | Jimmy Davies | Kurtis Kraft | 27 | 200 | +8:22.190 | — | 0 |
| 11 | Art Cross | Kurtis Kraft | 27 | 200 | +8:22.190 | — | 0 |
| 11 | Johnnie Parsons | Kurtis Kraft | 27 | 200 | +8:22.190 | — | 0 |
| 11 | Sam Hanks | Kurtis Kraft | 27 | 200 | +8:22.190 | — | 0 |
| 11 | Andy Linden | Kurtis Kraft | 27 | 200 | +8:22.190 | — | 0 |
| 12 | Chuck Stevenson | Kuzma | 5 | 199 | +1 Lap | — | 0 |
| 12 | Walt Faulkner | Kuzma | 5 | 199 | +1 Lap | — | 0 |
| 13 | Manny Ayulo | Kuzma | 22 | 197 | +3 Laps | — | 0 |
| 14 | Bob Sweikert | Kurtis Kraft | 9 | 197 | +3 Laps | — | 0 |
| 15 | Duane Carter | Kurtis Kraft | 8 | 196 | +4 Laps | — | 0 |
| 15 | Tony Bettenhausen | Kurtis Kraft | 8 | 196 | +4 Laps | — | 0 |
| 15 | Jimmy Jackson | Kurtis Kraft | 8 | 196 | +4 Laps | — | 0 |
| 15 | Marshall Teague | Kurtis Kraft | 8 | 196 | +4 Laps | — | 0 |
| 16 | Ernie McCoy | Kurtis Kraft | 20 | 194 | +6 Laps | — | 0 |
| 17 | Jimmy Reece | Pankratz | 7 | 194 | +6 Laps | — | 0 |
| 18 | Ed Elisian | Stevens | 31 | 193 | +7 Laps | — | 0 |
| 18 | Bob Scott | Stevens | 31 | 193 | +7 Laps | — | 0 |
| 19 | Frank Armi | Kurtis Kraft | 33 | 193 | +7 Laps | — | 0 |