The purpose of this study is theoretical substantiation and experimental confirmation of importance of the Olympic education as a socialization factor of the preschoolers. To address the study issues, theoretical methods of analysis, generalization and systematization as well as personal and activity approaches were applied. The older preschoolers (n = 70) participated in our study. For establishing a degree of connection between the level of Olympic education and socialization of children's personality, a correlation analysis - calculation of Spearman's rank correlation coefficient--was used. The correlation analysis showed that the results of evaluation of Olympic education and socialization of the 6- to 7-year children has a reliable positive connection. Moreover, socialization of the preschoolers may be defined as individual, personal achievement of the Olympic education representing a balance of the appropriate understanding of sport, value of the Olympic culture, interests, and needs and value orientations defining so-called Olympic models of behavior. Results of the study can be used in the practice of subject teachers and preschool teachers; in the learning process of students, who study in sport-related higher schools; skills refreshment and re-training courses for coaches and physical training teachers.