Sunday 26th May 1974
In the Monaco Grand Prix, Lotus driver, Ronnie Peterson set the fastest lap of the race, coming from his third place starting position to win in a time of 1:58:03. Jody Scheckter in his Tyrrell was 28 seconds back after starting fifth. JP Jarier was third with his Shadow, he started sixth. Clay Regazzoni was fourth after starting second in his Ferrari and Emmo fifth in the McLaren coming up from the 13th spot on the grid. The last point went to John Watson in his Brabham, he started all the way back in 23rd position. Pole sitter, Niki Lauda was out with ignition problems in his Ferrari on lap 32.