The 1938 Centre Colonels football team represented Centre College as a member of the Kentucky Intercollegiate Athletic Conference (KIAC) and the Southern Intercollegiate Athletic Association (SIAA) during the 1938 college football season. Led by first-year head coach J. Quinn Decker, the Colonels compiled an overall record of 7–2 with marks of 2–0 in KIAC play and 4–0 against SIAA opponents. Centre shared the KIAC title with Western Kentucky State Teachers.

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