The 1940 Jacksonville State Eagle Owls football team represented Jacksonville State Teachers College (now known as Jacksonville State University) as a member of the Alabama Intercollegiate Conference (AIC) and the Southern Intercollegiate Athletic Association (SIAA) during the 1940 college football season. Led by first-year head coach Osmo Smith, the Eagle Owls compiled an overall record of 3–5 with a marks 2–3 in AIC play and 0–2 against SIAA opponents.
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