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. The race was also included as the third round in the inaugural 1950 World Drivers Championship, and paid points towards the World Championship. The event, however, did not attract any European entries 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.