Saturday 15 August 1959 at Molinuex (Att 32,329)
Wolves (2) 3 (Murray 38, Broadbent 56, Lill 81): Finlayson, Stuart, Jones, Clamp, Showell, Flowers, Lill, Mason, Murray, Broadbent, Deeley.
Nottingham Forest (0) 1 (Wilson 37): Thomson, Whare, McDonald, Whitefoot, McKinlay, Iley, Gray, Quigley, Wilson (Knight*), Kelly, Inmlach.
Referee: Mr J.Mitchell (Prescott).
Trophy: The Charity Shield was presented to Wolves captain Eddie Stuart by the F.A. Chairman Mr Arthur Drewery.