| Year: | 1988 |
| Team: | Indiana Hoosiers |
| Sport: | football |
| Conference: | Big Ten Conference |
| Short Conf: | Big Ten |
| Coachrank: | 19 |
| Aprank: | 20 |
| Record: | 8–3–1 |
| Conf Record: | 5–3 |
| Head Coach: | Bill Mallory |
| Hc Year: | 5th |
| Def Coach: | Joe Novak |
| Dc Year: | 5th |
| Mvp: | Anthony Thompson |
| Captain: | Joe Huff |
| Captain2: | Don Shrader |
| Stadium: | Memorial Stadium |
| Champion: | Liberty Bowl champion |
| Bowl: | Liberty Bowl |
| Bowl Result: | W 34–10 vs. South Carolina |
The 1988 Indiana Hoosiers football team represented Indiana University Bloomington as a member of the Big Ten Conference during the 1988 NCAA Division I-A football season. Led by fifth-year head coach Bill Mallory, the Hoosiers compiled an overall record of 8–3–1 with a mark of 5–3 in conference play, placing fifth in the Big Ten. Indiana was invited to the Liberty Bowl, where they beat South Carolina. The team played home games at Memorial Stadium in Bloomington, Indiana.
See also: 1988 Purdue Boilermakers football team and Indiana–Purdue football rivalry.
Anthony Thompson rushed 25 times for 167 yards and three touchdowns while breaking the school's career rushing record.[4]
| Player | Position | Round | Pick | NFL club | |
| Pete Stoyanovich | Kicker | 8 | 203 | Miami Dolphins | |
| Gary Gooden | Defensive back | 9 | 235 | Los Angeles Raiders |