It was the first time two all-black high school teams competed for a state championship in the United States.
Gary Roosevelt High took on Crispus Attucks High School.
NBA All-Star Oscar Robertson played for the Crispus Attucks Tigers that year and spoke at Saturday night's basketball classic event.
"Then it gives people something to dream about, to talk about, and to really re-live. So I hope they can really relish what we did and think good about it," Robertson said.
Former New York Knick Dick Barnett was a starting forward for Gary Roosevelt High that year playing opposite Robertson.
But Robertson and the Attucks beat Barnett and Gary Roosevelt high 97-74.
They became the first black high school basketball team to win a state championship in Indiana.