The 1986 Indiana Hoosiers football team represented Indiana University Bloomington as a member of the Big Ten Conference during the 1986 NCAA Division I-A football season. Led by third-year head coach Bill Mallory, the Hoosiers compiled an overall record of 6âÂÂ6 with a mark of 3âÂÂ5 in conference play, tying for sixth place in the Big Ten. Indiana was invited to the All-American Bowl, where they lost to Florida State. The team played home games at Memorial Stadium in Bloomington, Indiana.