In 1948, the 66ers combined with Adolph Rupp's "Fabulous Five" University of Kentucky team to form the U.S. team that won the Olympic tournament.
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The rest of the Olympic team, consisting of AAU Champion Phillips 66ers and Kentucky team members, later scrimmaged on Stoll Field, then the home of the Kentucky football team, in front of 14,000 spectators, the largest crowd to watch basketball in Kentucky at that time.