Saturday 10 April 1954 at Molineux (Att 35,028)

Wolves (2) 5 (Hancocks 7 70, Wilshaw 10, Mullen 53 59): Williams, Short, Wright, Slater, Shorthouse, Flowers, Hancocks, Broadbent, Swinbourne, Wilshaw, Mullen.
Charlton Athletic (0) 0: Bartram, Campbell, Firmani, Hewie, Chamberlain, Hammond, Hurst, Ayre, Terry, White, Kiernan.

Referee: Mr J Andrews (Eccles, Lancs).
Penalty: Awarded against Peter Firmani for handball was missed by Johnny Hancocks on 74 minutes.
Landmark: Sam Bartram makes his 500th League appearance for Charlton Athletic and Ronnie White made his League debut.
Position: 1st.