Saturday 10 December 1932 at Baseball Ground (Att 13,228)

Derby County (3) 4 (Ramage 35, Crooks 40, Lumberg 45og, Duncan 60): Wilkes, Cooper, Collin, Nicholas, Barker, Keen, Crooks, Robson, Bowers, Ramage, Duncan.
Wolves (2) 4 (Hartill 26 68 75, Hetherington 33): Ellis, Lowton, Lumberg, Farrow, Nelson, Heelbeck, Bryant, Bottrill, Hartill, Hetherington, Barraclough.

Referee: Mr G Stephenson (Liverpool).
Order of Goals: W,W,l,l,l,l,W,W.
Position: 21st.