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The dinner is organised by the Otago Amateur Rugby Charitable Trust and is self-financed.
The 1963 Otago team was coached by future All Black coach Eric Watson.
The team won nine of its 16 games and lost seven. The highlight was a 14-9 win against England. It won four of its five games on the North Island tour.
The team included All Blacks Tuppy Diack, Ian Smith, Earle Kirton, Chris Laidlaw, Keith Nelson and Don Clark.
Colourful former All Black Marc Ellis is the guest speaker. He played 21 games for the All Blacks from 1992 to 1995 and 66 games for Otago from 1991 to 1995.
The master of ceremonies is Forsyth Barr Stadium radio commentator Paul Allison.
A feature of the dinner will be the induction of three former Otago representatives into the Otago Rugby Hall of Fame.
The inaugural 10 inductees were named at a similar dinner two years ago.
They were Jimmy Duncan, Jack Hore, Vic Cavanagh, Charlie Saxton, Kevin Skinner, Ron Elvidge, Tuppy Diack, Laurie Mains, Richard Knight and Jeff Wilson.