Saturday 17 December 1938 at Molineux (Att 19,316)
Wolves (1) 1 (Galley 38p): Scott, Morris, Taylor, Galley, Cullis, Gardiner, Burton, McIntosh, Westcott, Dorsett, Maguire.
Bolton Wanderers (1) 1 (Howe 21): Hanson, Winter, Hubbick, Goslin, Atkinson, Taylor, Woodward, Roberts, Hunt, Grosvenor, Howe.
Referee: Mr C. Salmon (Stoke-on-Trent).
Order of Goals: W,b.
Penalty: With Alex McIntosh about to shoot the ball got stuck in the mud and he was obstructed by a Bolton defender.