1986 United States Senate election in Alaska

The 1986 United States Senate election in Alaska was held on November 4, 1986. Incumbent Republican United States Senator Frank Murkowski ran for a second term in the United States Senate and was primarily opposed by Alaska Pacific University President Glenn Olds. Following a highly competitive election in 1980, Murkowski faced a legitimate opponent in Glenn Olds, and the contest was fairly close. However, in the end, Murkowski was able to defeat Olds by a slightly wider margin than he won by six years prior.

Republican

 * Frank Murkowski, incumbent United States Senator since 1981, former banker and commissioner of the Alaska Department of Economic Development

Democratic

 * Glenn Olds, president of Alaska Pacific University
 * Bill Barnes, former director of the People Mover transit system in Anchorage. His wife, Allegra, was the Libertarian nominee for lieutenant governor in this same election year
 * Dave Carlson, former congressional candidate
 * Michael J. Bruner
 * Karl Francis

Libertarian

 * Chuck House, field representative for Eastman Kodak Company and Libertarian Party activist