| RANK | TEAM | OVERALL RECORD |
| 1 | Oregon | 12-0 |
| 2 | Texas | 11-1 |
| 3 | Penn State | 11-1 |
| 4 | Notre Dame | 11-1 |
| 5 | Georgia | 10-2 |
| 6 | Ohio State | 10-2 |
| 7 | Tennessee | 10-2 |
| 8 | SMU | 11-1 |
| 9 | Indiana | 11-1 |
| 10 | Boise State | 11-1 |
| 11 | Alabama | 9-3 |
| 12 | Miami | 10-2 |
| 13 | Ole Miss | 9-3 |
| 14 | South Carolina | 9-3 |
| 15 | Arizona State | 10-2 |
| 16 | Iowa State | 10-2 |
| 17 | Clemson | 9-3 |
| 18 | BYU | 10-2 |
| 19 | Missoure | 9-3 |
| 20 | UNLV | 10-2 |
| 21 | Illinois | 9-3 |
| 22 | Syracuse | 9-3 |
| 23 | Colorado | 9-3 |
| 24 | Army | 10-1 |
| 25 | Memphis | 10-2 |
