Saturday 28 February 1948 at Molineux (Att 28,716)

Wolves (1) 2 (Pye 16, Westcott 55): Williams, McLean, Pritchard, Crook, Shorthouse, Wright, Dunn, Pye, Westcott, Smyth, Hancocks.
Charlton Athletic (0) 0: Bartram, Campbell, Lock, Johnson, Phipps, Revell, Hurst, Fenton, Vaughan, Duffy, Hobbis.

Referee: Mr W Wood (Luton).
Position: 5th.