The 1987 All-Southwest Conference football team consists of American football players chosen by various organizations for All-Southwest Conference teams for the 1987 NCAA Division I-A football season. The selectors for the 1987 season included the Associated Press (AP).

Offensive selections

Quarterbacks

• Billy Joe Tolliver, Texas Tech (AP-1)

Running backs

• Eric Metcalf, Texas (AP-1)
• James Gray, Texas Tech (AP-1)
• Tony Jeffery, TCU (AP-2)

Wide receivers

• Rod Harris, Texas A&M (AP-1)
• Jason Phillips, Houston (AP-1)
• Wayne Walker, Texas Tech (AP-1)

Centers

• Matt Wilson, Texas A&M (AP-1)

Guards

• Paul Jetton, Texas (AP-1)
• Mike McBride, Texas Tech (AP-1)

Tackles

• Louis Cheek, Texas A&M (AP-1)
• Brian Brazil, TCU (AP-1)

Defensive selections

Defensive lineman

• Sammy O'Brient, Texas A&M (AP-1)
• Tony Cherico, Arkansas (AP-1)
• David Spradlin, TCU (AP-1)

Linebackers

• John Roper, Texas A&M (AP-1)
• Britt Hager, Texas (AP-1)
• Rickey Williams, Arkansas (AP-1)
• Gary McGuire, Houston (AP-1)

Secondary

• Kip Corrington, Texas A&M (AP-1)
• Falanda Newton, TCU (AP-1)
• John Hagy, Texas (AP-1)
• Johnnie Jackson, Houston (AP-1)
• Robert Blackmon, Baylor (AP-1)

Special teams

Place-kickers

• Scott Slater, Texas A&M (AP-1)

Punters

• Chris Becker, TCU (AP-1)

Miscellaneous

• Offensive Player of the Year: Eric Metcalf, Texas (AP)
• Defensive Player of the Year: John Roper, Texas A&M (AP)
• Coach of the Year: Jackie Sherrill, Texas A&M (AP)
• Offensive Newcomer of the Year: Darren Lewis, Texas A&M (AP)
• Defensive Newcomer of the Year: Donald Harris, Texas Tech (AP)

Key

AP = Associated Press^[1]