In French racing, horses in the same ownership are usually "coupled" and treated as a single entry for betting purposes. The favourite for the race was the four-year-old filly Allez France, second in the race in 1973 and winner of numerous major prizes including the Criterium des Pouliches, Poule d'Essai des Pouliches, Prix de Diane, Prix d'Ispahan, Prix Vermeille and Prix Ganay. Allez France was coupled in the betting with Daniel Wildenstein's three-year-old filly Paulista, a four length winner of the Prix Vermeille on her previous start. Ten days before the race, Allez France's regular jockey Yves Saint-Martin sustained a serious leg injury and looked likely to be replaced by Lester Piggott, but announced himself fit to ride after undergoing pain-killing injections. Nelson Bunker Hunt was represented by the Mississipian, winner of the Grand Criterium and Prix Niel and by the stayer Busiris. The other French contenders included the Grand Prix de Paris winners Sagaro and Tennyson as well as Kamaraan, On My Way, Margouillat and Comtesse de Loir, winner of the Prix Saint-Alary. A three horse British entry was headed by Highclere who had won the 1000 Guineas and the Prix de Diane and also included the Eclipse Stakes winner Coup de Feu and the dual Goodwood Cup winner Proverb. Allez France/Paulista headed the betting at odds of 1/2, with Mississipian/Busiris on 6.5/1 and Sagaro at 9.25/1,
The race
Valdo took the lead from the start and set the pace from Busiris, Coup de Feu, Riot in Paris, Margouillat, Sagaro, Paulista and Tennyson. Allez France was held up at the back of the field with only five horses, including Comtesse de Loir behind her. On the approach to the straight, Busiris took the lead from Valdo but was soon challenged by Riot in Paris and Tennyson as Allez France began to make rapid progress on the outside. Allez France took the lead and opened up a clear advantage with Margouillat, Kamaraan and Paulista also launching challenges. Allez France looked likely to record an easy victory until Comtesse de Loir emerged as a serious threat in the last 200 metres under a "whirlwind" ride from Jean-Claude Desaint. In a closely contested finish, Allez France prevailed by a head from Comtesse de Loir, with Margouillat three-quarters of a length away in third. There was a gap of four lengths back to Kamaraan, who beat Paulista by a length for fourth. Yves Saint-Martin admitted that he had probably taken Allez France to the front too soon.