An indicator light control circuit for controlling a single indicator light to indicate a high or low link speed of a network connection includes a pulse signal generating circuit, a bias circuit having a digital potentiometer, and a controller. The pulse signal generating circuit generates a pulse signal. The digital potentiometer is electronically connected to the pulse signal generating circuit and the controller. The controller adjusts the effective resistance of the digital potentiometer connected to the pulse signal generating circuit according to different link speeds being experienced in the network connection, to adjust a duty cycle of the pulse signal, thereby changing the on-time and off-time of the indicator light.