The 1934 Masters Tournament was the first Masters Tournament, held March 22–25 at Augusta National Golf Club in Augusta, Georgia, United States. It was officially known as the "Augusta National Invitation Tournament" for its first five editions, but informally as the Masters from the start.

CBS Radio broadcast updates daily, making this the second golf tournament to live broadcast. The sportscaster was Herbert H. Ramsay, former U.S. Golf Association president. This tournament also marked the return of Bobby Jones from retirement.

Horton Smith won the event with a 20-foot (6 m) birdie putt at the 17th hole (now the 8th hole), and finished at 284 (−4), one stroke ahead of runner-up Craig Wood. (The current nines were reversed in 1934, switched to the current configuration prior to the 1935 event.) Tournament co-founder and host Bobby Jones finished ten strokes back at 294, tied for thirteenth place. The total purse was $5,000 and the winner's share was $1,500.

Hole	Name	Yards	Par		Hole	Name	Yards	Par
1	Camellia	430	4		10	Tea Olive	400	4
2	White Dogwood	415	4		11	Pink Dogwood	525	5
3	Golden Bell	150	3		12	Flowering Peach	350	4
4	Azalea	480	5		13	Flowering Crab Apple	190	3
5	Chinese Fir	425	4		14	Magnolia	440	4
6	Firethorn	485	5		15	Juniper	185	3
7	Redbud	145	3		16	Pampas	340	4
8	Nandina	400	4		17	Yellow Jasmine	500	5
9	Holly	420	4		18	Carolina Cherry	420	4
Out		3,350	36		In		3,350	36
Source:					Total		6,700	72

• The holes' current names (2013) are listed above; the current nines were switched for 1934 only.

Thursday, March 22, 1934

Place	Player	Score	To par
T1	Horton Smith	70	−2
	Jimmy Hines
	Emmet French
T4	Craig Wood	71	−1
	Walter Hagen
	Henry Picard
	Johnny Golden
T8	Billy Burke	72	E
	Ky Laffoon
T10	Denny Shute	73	+1
	Joe Paletti
	Leo Diegel

Source:

Friday, March 23, 1934

Place	Player	Score	To par
1	Horton Smith	70-72=142	−2
T2	Ed Dudley	74-69=143	−1
	Billy Burke	72-71=143
T4	Macdonald Smith	74-70=144	E
	Jimmy Hines	70-74=144
	Ralph Stonehouse	74-70=144
T7	Al Espinosa	75-70=145	+1
	Leo Diegel	73-72=145
	Paul Runyan	74-71=145
	Craig Wood	71-74=145

Source:

Saturday, March 24, 1934

Place	Name	Score	To par
1	Horton Smith	70-72-70=212	−4
2	Billy Burke	72-71-70=213	−3
T3	Craig Wood	71-74-69=214	−2
	Ed Dudley	74-69-71=214
5	Paul Runyan	74-71-70=215	−1
T6	Walter Hagen	71-76-70=217	+1
	Willie Macfarlane	74-73-70=217
T8	Jimmy Hines	70-74-74=218	+2
	Bill Schwartz	75-72-71=218
	Macdonald Smith	74-70-74=218

Sunday, March 25, 1934

Place	Name	Score	To par	Money ($)
1	Horton Smith	70-72-70-72=284	−4	1,500
2	Craig Wood	71-74-69-71=285	−3	800
T3	Billy Burke	72-71-70-73=286	−2	550
	Paul Runyan	74-71-70-71=286
5	Ed Dudley	74-69-71-74=288	E	400
6	Willie Macfarlane	74-73-70-74=291	+3	300
T7	Al Espinosa	75-70-75-72=292	+4	175
	Jimmy Hines	70-74-74-74=292
	Harold "Jug" McSpaden	77-74-72-69=292
	Macdonald Smith	74-70-74-74=292

Source:

• Masters.com – past winners and results
• Augusta.com – 1934 Masters leaderboard

33°30′11″N 82°01′12″W / 33.503°N 82.020°W / 33.503; -82.020