Yes, the President's Physical Fitnes Test. They were still doing it in the 1980's and 90's when I was in school. At the start of first grade they had all of us six-year-old's outside running a mile in the late August Texas heat... wearing our navy slacks and button up oxford shirts. Ugh.
As I got old enough to think about such things, I began to find the whole program a little creepy. School was supposed to be about enriching the mind, not being physically conditioned and evaluated like livestock. I still feel the same way.
I always thought phys. ed. should show the basics of sports, but then give the children the option of what kind of thing they want to do. I found out by accident that I could actually shoot baskets, because I was just having a fun time playing with a classmate. It wasn't about how good I was at the time.