Saturday 13 February 1988 at St James Park (Att 3,483)

Exeter City (0) 2 (O’Connell 87 88): Gwinnett, Harrower, Viney, Carter, Taylor, Olsson, Batty, Delve (Massey 63), Edwards, O’Connell, Rowbotham; Sub Kellow.
Wolves (2) 4 (Bull 7 32 61, Purdie 78): Kendall, Bellamy, Thompson, Streete, Robertson, Robinson, Dennison, Vaughan, Bull (Purdie 72), Mutch, Downing; Sub Brindley.

Referee: Mr K Cooper (Swindon).
Order of Goals: W,W,W,W,e,e.
Position: 1st.