The Olsen Gang Sees Red (Danish: Olsen-banden ser rødt) is a 1976 Danish comedy film directed by Erik Balling and starring Ove Sprogøe, Morten Grunwald and Poul Bundgaard. The film was the eighth in the Olsen Gang-series, and was selected as the Danish entry for the Best Foreign Language Film at the 49th Academy Awards, but was not accepted as a nominee.