Saturday 26 March 1938 at The Valley (Att 38,357)

Charlton Athletic (0) 4 (Tadman 49, Turner 63p, Boulter 68, Wilkinson 85): Bartram, Turner, Jimmy Oakes, Jobling, John Oakes, Welsh, Wilkinson, Robinson, Tadman, Boulter, Brown.
Wolves (0) 1 (Galley 86p): Scott, Morris, J Taylor, Dorsett, Galley, Gardiner, Maguire, McIntosh, Langley, Jones, Kirkham.

Referee: Mr R Pegg (Hinton, Cambridge).
Order of Goals: c,c,c,c,W.
Penalties: Wolves penalty was awarded for a foul on Teddy Maguire. Charlton were awarded a spot-kick for foul on Les Boulter by Alex Scott.
Landmark: Dickie Dorsett makes his League debut. Tom Galley hits the 2,800th goal in all Wolves away league fixtures.
Position: 3rd.