Laimutė Baikauskaitė (born June 10, 1956 in Gaideliai, Klaipėda County) is a retired female middle distance runner, who represented the USSR and later Lithuania.

She competed mainly in the 1500 metres, and won an Olympic silver medal in 1988 with a strong final one hundred meter sprint, though well behind winner Paula Ivan of Romania.

In that Olympic final, she set a Lithuanian record (4:00.24).

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