Saturday 16 April 1955 at Molineux (Att 34,985)

Wolves (2) 3 (Hancocks 3 34 89): Williams, Showell, Shorthouse, Slater, Wright, Flowers, Hancocks, Broadbent, Taylor, Wilshaw, Mullen.
Arsenal (1) 1 (Lishman 30): Kelsey, Wills, Evans, Goring, Fotheringham, Oakes, Clapton, Tapscott, Roper, Lishman, Bloomfield.

Referee: Mr J Topliss (Grimsby).
Order of Goals: W,a,W,W.
Position: 2nd.