| Year: | 1939 |
| Team: | SMU Mustangs |
| Sport: | football |
| Conference: | Southwest Conference |
| Short Conf: | SWC |
| Record: | 6–3–1 |
| Conf Record: | 4–2 |
| Head Coach: | Matty Bell |
| Hc Year: | 5th |
| Captain: | Chelsea Crouch |
| Stadium: | Ownby Stadium |
The 1939 SMU Mustangs football team was an American football team that represented Southern Methodist University (SMU) as a member of the Southwest Conference (SWC) during the 1939 college football season. In their fifth season under head coach Matty Bell, the Mustangs compiled a 6–3–1 record (4–2 against conference opponents) and were outscored by a total of 118 to 60.[1]
SMU was not ranked in the final AP poll, but it was ranked at No. 12 in the final Litkenhous Ratings for 1939,[2] and at No. 22 in the 1939 Williamson System ratings.[3]
The team played its home games at Ownby Stadium in the University Park suburb of Dallas.