Wallace was born in Fort Wayne, Indiana and graduated from Ohio Wesleyan University in 1956,[1] majoring in radio-TV-theater.
[2] He joined the Army and performed in plays while stationed in Germany, and produced programs for public television in Ohio after returning home.
[4] Wallace followed this with an album of children's stories titled Uncle Wiggily and his Friends, released in 1970.
[3] He joined the cast of soap opera All My Children as police officer Mel Jacobi in 1978,[7] and made appearances in The Incredible Hulk and Trapper John MD, before starring in his first major motion picture role in 1980 as Lieutenant Ed Clayton in New Year's Evil.
[1] Wallace relocated to Australian in the 1990s, and created the musical Nothing to Wear which debuted at Arts Centre Melbourne in 1995.