The 81st Indianapolis 500 was held at the Indianapolis Motor Speedway in Speedway, Indiana over three days, May 25–27, 1997. It was originally scheduled for Sunday May 25, however, rain washed out all activities for the day. The race was started on Monday May 26, but rain halted the race after only 15 laps had been completed. On Tuesday May 27, the race was resumed, and was run to completion. The rain delay, as well as two controversies, put a damper on the month. Arie Luyendyk won the race from the pole position, his second Indy victory. Treadway Racing, in only their second season of competition, finished 1st-2nd with Luyendyk and teammate Scott Goodyear. The team became the first to sweep the top two finishing position at Indianapolis since Leader Cards in 1962.

Arie Luijendijk, nicknamed "The Flying Dutchman," is a Dutch former auto racing driver, and winner of the 1990 and 1997 Indianapolis 500 races. He was inducted into the Indianapolis Motor Speedway Hall of Fame in 2009, and the Motorsports Hall of Fame of America in 2014.