Saturday 11 December 1948 at Stamford Bridge (Att 43,997)

Chelsea (1) 4 (Bentley 23 57, Bowie 72 88): Pickering, Bathgate, Hughes, Armstrong, Harris, Macauley, Campbell, Bowie, Bentley, Walker, Jones.
Wolves (1) 1 (Hancocks 42): Williams, Kelly, Pritchard, Baxter, Shorthouse, Wright, Hancocks, Dunn, Pye, Smyth, Mullen.

Referee: Mr W Edwards (Yeovil).
Order of Goals: c,W,c,c,c.
Position: 9th.