The 34th International 500-Mile Sweepstakes was held at the Indianapolis Motor Speedway on Tuesday, May 30, 1950. The event was part of the 1950 AAA National Championship Trail. It was also race 3 of 7 in the 1950 World Championship of Drivers and paid points towards the World Championship. The event, however, did not attract any European Formula One drivers for 1950. Giuseppe Farina originally planned to enter, but his car never arrived. The Indianapolis 500 would be included on the World Championship calendar through 1960.