Saturday 16 April 1988 at Wembley Stadium, Kick-off 3:30pm
Lost 3-2 on penalties
Wolves (0) 1 (Dennison 35): Kendall, Bellamy, Thompson, Streete, Robertson, Robinson, Dennison, Chard, Bull, Mutch, Holmes, subs Vaughan, Bartram, Stoutt, Downing, Gallagher.
Everton (1) 1 (Clarke 3): Southall, Stevens, Pointon, Van den Hauwe, Watson, Reid, Harper, Heath, Clarke, Snodin, Wilson (Power 31), subs Chamberlain, Adams, Mountfield, Ebrell.
Note: These matches lasted fourty minutes each way.
Penalty Shoot-out (Sudden Death)
Clarke (scored), Chard (scored), Reid (scored), Thompson (scored), Heath (missed), Bellamy (missed), Harper (scored), Mutch (missed).