Saturday 27 November 1954 at Arsenal Stadium, Highbury (Att 55,055)

Arsenal (1) 1 (Roper 36): Kelsey, Wills, Wade, Goring, Fotheringham, Forbes, Milton, Tapscott, Roper, Lishman, Marden.
Wolves (1) 1 (Hancocks 41): Williams, Stuart, Shorthouse, Flowers, Wright, Clamp, Hancocks, Broadbent, Swinbourne, Wilshaw, Smith.

Referee: Mr J Topliss (Grimsby).
Order of Goals: a,W.
Position: 1st.