The 1954 William & Mary Indians football team represented the College of William & Mary as a member of the Southern Conference (SoCon) during the 1954 college football season.
Led by third-year head coach Jack Freeman the Indians compiled an overall record of 4–4–2 with a mark of 1–2–2 in conference play, and finished seventh in the SoCon.
William & Mary played home games at Cary Field in Williamsburg, Virginia.
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