The 1st Daily Telegraph Trophy was a motor race, run to Formula One rules, held on 2 October 1954 at Aintree Circuit, Merseyside.

The race was run over 17 laps, and was won by British driver Stirling Moss in a Maserati 250F.

Moss also set pole and fastest lap.

Mike Hawthorn was second in a Vanwall and Harry Schell third in another 250F.

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