On her next appearance in the Errol Stakes over the same distance at Ascot Racecourse in June she looked outpaced in the early stages but stayed on strongly to finish second, beaten a neck by the colt Raffindale.
In July, the filly was moved up in class and distance to contest the Cherry Hinton Stakes over six furlongs at Newmarket Racecourse in which she was ridden by Lester Piggott and started at odds of 2/1.
She showed impressive acceleration to take the lead approaching the final furlong and won by three length from Star of Bagdad giving Lester Piggott his 3,000th flat race win.
At Newmarket in October, Roussalka contested a very strong renewal of the Cheveley Park Stakes in which she finished fourth behind Cry of Truth, Delmora and Rose Bowl staying on in the closing stages without ever looking likely to win.
Piggott appeared to ride a poorly-judged race on this occasion, holding up Roussalka at the back of the field and giving her too much ground to make up in the closing stages.
Roussalka looked beaten when she dropped to seventh place approaching the straight, but under a strong ride from Piggott, she produce a sustained run in the last quarter mile to overhaul Sauceboat in the final strides.
There was no International Classification of European two-year-olds in 1974: the official handicappers of Britain, Ireland and France compiled separate rankings for horses which competed in those countries.
In the British Free Handicap, Roussalka was allotted a weight of 116 pounds, making her the fourth-best two-year-old filly to race in the United Kingdom behind Cry of Truth, Rose Bowl and One Over Parr.
The independent Timeorm organisation gave her a rating of 116, thirteen pounds inferior to Cry of Truth and fifteen behind the French-trained filly Broadway Dancer.