There were six teams in the Canberra League in 1968, Acton, Ainslie, ANU, Eastlake, Manuka and Turner-Queanbeyan.
Ainslie First Grade finished the home and away games in third place with 10 wins and 5 losses behind Eastlake, the top team, and Manuka.
Ainslie played ANU in the First Semi-Final at Ainslie Oval. In a tense game Ainslie led at three quarter time by 11 points but ANU fought back and hit the front with 10 minutes to go. Ainslie regained the lead through a goal to Ralph Rendell but in the last hectic minutes ANU kicked a goal to win by 2 points.
- Final score: Ainslie 14.11-95 def by ANU 13.19-97
- Goal kickers for Ainslie: Mullin 4, R Rendell 3, Migus 2, Kershaw 2, Cox 1, Drake 1, Read 1
- Best: B Ryan, C Smith, Mullin, Rendell, Black
Manuka won the Grand Final over Eastlake by 1 point, 9.16-70 to 10.9-69.
Coach Bill Drake resigned after coaching Ainslie for 3 years.