Saturday 15 January 1938 at Molineux (Att 39,383)

Wolves (1) 3 (Kirkham 43 84, Jones 80): Scott, Morris, J Taylor, Smalley, Cullis, Gardiner, Ashall, Galley, Westcott, Jones, Kirkham.
Arsenal (0) 1 (Drake 65): Boulton, Male, Hapgood, Crayston, Joy, Copping, Kirchen, Hunt, Drake, Jones, D Compton.

Referee: Mr G Denton (Northampton).
Order of Goals: W,a,W,W.
Death: Just minutes after one of Wolves goals a member of the crowd collapsed and died in the stands.
Landmark: Jack Kirkham scores his first Wolves goals.
Position: 2nd.