Wednesday 13 April 1949 at The Valley (Att 36,339)

Charlton Athletic (1) 2 (Hurst 20, Lumley 48): Bartram, Shreeve, Lock, Fenton, Bicknell, Brown, Hurst, Lumley, Vaughan, Purves, Duffy.
Wolves (2) 3 (Smyth 15, Wilshaw 17 65): Williams, Pritchard, Springthorpe, W Crook, Shorthouse, Wright, Hancocks, Smyth, Wilshaw, Dunn, Mullen.

Referee: Mr H Pearce (Luton).
Order of Goals: W,W,c,c,W.
Re-Arranged: Originally set for 26th March but was re-arranged because of Wolves involvement in the FA Cup.
Position: 8th.