| Administrator(s) | International Cricket Council |
|---|---|
| Cricket format | Limited overs cricket |
| Tournament format(s) | Round-robin and Knockout |
| Host(s) |  England |
| Champions |  Zimbabwe (2nd title) |
| Runners-up |  Netherlands |
| Participants | 16 |
| Most runs |  Paul Prashad (533) |
| Most wickets | Ronnie Elferink (23) |
The 1986 ICC Trophy was a limited-overs cricket tournament held in England between 11 June and 7 July 1986. It was the third ICC Trophy tournament to be staged, and as with the previous two tournaments, games between the 16 participating teams were played over 60 overs a side and with white clothing and red balls. All matches except the final were played in the Midlands. The final was held at Lord's, London.
The tournament served as the Cricket World Cup qualification process – Zimbabwe defeated the Netherlands to win their second ICC Trophy in a row and qualify for the 1987 World Cup. The weather was much better than the earlier competitions, and all matches were played to a result.