Saturday 20 March 1954 at Deepdale (Att 28,857)

Preston North End (0) 0: Thompson, Cunningham, Walton, Docherty, Marston, Dunn, Campbell, Baxter, Hatsell, Jones, Morrison.
Wolves (0) 1 (Wilshaw 80): Williams, Short, Shorthouse, Slater, Wright, Deeley, Hancocks, Broadbent, Swinbourne, Wilshaw, Smith.

Referee: Mr A Luty (Leeds).
Position: 2nd.