Saturday 29 October 1949 at Molineux (Att 42,008)

Wolves (1) 2 (Smyth 39 62): Parsons, Kelly, McLean, Russell, Shorthouse, Crook, Hancocks, Smyth, Pye, Dunn, Mullen.
Chelsea (0) 2 (Campbell 71, Bentley 80): Medhurst, Bathgate, Hughes, Armstrong, Harris, Macauley, Campbell, Billington, Bentley, Williams, Gray.

Referee: Mr E Crook (Abingdon).
Order of Goals: W,W,c,c.
Programmes: During the interval an announcement was made that” pirate” programmes had been on sale and spectators were warned against purchasing them.
Position: 1st.