The 1941 All-Southwest Conference football team consists of American football players chosen by various organizations for All-Southwest Conference teams for the 1941 college football season. The selectors for the 1941 season included the Associated Press (AP) and the United Press (UP).
The 1941 Texas A&M Aggies football team won the conference championship, was ranked No. 9 in the final AP Poll, and placed four players on the first team: back Derace Moser (AP-1, UP-1); ends James Sterling (AP-1, UP-1); tackle Martin Ruby (AP-1, UP-1); and center Bill Sibley (AP-1, UP-1).
The 1941 Texas Longhorns football team was ranked No. 4 in the final AP Poll and also placed four players on the first team: backs Jack Crain and Pete Layden (AP-1, UP-1); end Malcolm Kutner (AP-1, UP-1); and guard Chal Daniel (AP-1, UP-1).