Saturday 27 August 1938 at Baseball Ground (Att 20,103)

Derby County (2) 2 (Cullis 21og, Travis 25): Boulton, Nicholas, Howe, Hann, Barker, Ward, Crooks, Astley, Travis, Dix, Duncan.
Wolves (1) 2 (Kirkham 20, Barlow 63): Scott, Morris, Taylor, Galley, Cullis, Gardiner, Maguire, Barlow, Kirkham, Thompson, Dorsett.

Referee: Mr S Boardman (Hale, Cheshire).
Order of Goals: d,W,d,W.
Landmark: Herbert Barlow signed during the summer from Barnsley makes his debut. .
Position: 10th.