1940 Millsaps Majors football team

The 1940 Millsaps Majors football team was an American football team that represented Millsaps College as a member of the Dixie Conference in the 1940 college football season. Led by Henry Louis Stone in his second season as head coach, the team compiled an overall record of 4–4–1, with a mark of 0–3–0 in conference play, and finished tied for sixth in the Dixie.

Millsaps was ranked at No. 221 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.