The 1962 Cotton Bowl Classic was the 26th edition of the college football bowl game, played at the Cotton Bowl in Dallas, Texas, on Monday, January 1. Part of the 1961–62 bowl game season, the game featured the third-ranked Texas Longhorns of the Southwest Conference (SWC) and the #5 Ole Miss Rebels of the Southeastern Conference (SEC). Ole Miss was slightly favored, but Texas won, 12–7.