The 1986 FIA European Formula Three Cup was the second European Formula Three Cup race and the first to be held at the Autodromo Enzo e Dino Ferrari on October 26, 1986. The race was won by Italian Stefano Modena, driving for Euroteam outfit, who finished ahead of the previous years winner Alex Caffi and fellow Italian Nicola Larini.
The race was originally scheduled for September, but was moved to October due to the inclement weather.
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