| Year: | 1941 |
| Team: | SMU Mustangs |
| Sport: | football |
| Conference: | Southwest Conference |
| Short Conf: | SWC |
| Record: | 5–5 |
| Conf Record: | 2–4 |
| Head Coach: | Matty Bell |
| Hc Year: | 7th |
| Captain: | J. Ted Ramsey, Horace Young |
| Stadium: | Ownby Stadium |
The 1941 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 1941 college football season. In their seventh season under head coach Matty Bell, the Mustangs compiled a 5–5 record (2–4 against conference opponents) and outscored opponents by a total of 169 to 106.[1]
Fullback Preston Johnson was selected by both the Associated Press and the United Press as a first-team player on the 1941 All-Southwest Conference football team.[2]
SMU was ranked at No. 24 (out of 681 teams) in the final rankings under the Litkenhous Difference by Score System for 1941.[3]
The team played its home games at Ownby Stadium in the University Park suburb of Dallas.