[4] Henry Picard led by one stroke after 54 holes and shot 70 in the final round to win his only Masters, two strokes ahead of runners-up Harry Cooper and Ralph Guldahl.

[5] It was the first of two major titles for Picard, who won the PGA Championship in 1939.

Ben Hogan made his Masters debut and finished tied for 25th.

Tournament host Bobby Jones finished in the top twenty for the second and final time.

[6] Byron Nelson (7,9,10,12), Gene Sarazen (2,4,6,7,9,10), Horton Smith (7,9) Billy Burke (9,10), Ralph Guldahl (7,9,10), Bobby Jones (3,4,5,9), Willie Macfarlane (9), Tony Manero (7,9,12), Sam Parks Jr. (10) Lawson Little (5,9), Jess Sweetser (5,a) Denny Shute (6,7,9,10,12) Johnny Revolta (7,9,10), Paul Runyan (9,10) Ed Dudley (9,10), Henry Picard (10,12), Sam Snead (9,10) Chuck Kocsis (10,a), Tommy Suffern Tailer (a), Bud Ward (11,a), Charlie Yates (9,a) Harry Cooper (10,12), Wiffy Cox, Bobby Cruickshank (10), Leonard Dodson, Vic Ghezzi (10), Jimmy Hines (10,12), Ky Laffoon (10,12), Ray Mangrum (10), Felix Serafin, Jimmy Thomson (10), Al Watrous, Craig Wood Leo Mallory, Jug McSpaden (12), Toney Penna, Frank Strafaci (a), Frank Walsh Ben Hogan, Dick Metz Stanley Horne, Ross Somerville (11,a) Saturday, April 2, 1938 Source:[2] Sunday, April 3, 1938   (morning) Sunday, April 3, 1938   (afternoon) Source:[3] Monday, April 4, 1938 Sources:[7][8]