The 2nd Crystal Palace Trophy was a motor race, run to Formula One rules, held on 19 June 1954 at Crystal Palace Circuit, London.

Peter Collins in a Connaught Type A-Lea Francis started from pole position in Heat 1.

Don Beauman in a Connaught Type A-Lea Francis started from pole position in Heat 2.

2Fairman raced Webb's car Grid positions for the final were determined by the drivers' finishing times in the heats.

Only the top six drivers from each heat qualified for the final.