Saturday 5 February 1949 at Baseball Ground (Att 31,145)

Derby County (0) 3 (Powell 47, Broome 49, Williams 83og): Townsend, Parr, Howe, McLachlan, Leuty, Musson, Harrison, Powell, Tait, Steel, Broome.
Wolves (1) 2 (Smyth 18 73): Williams, Kelly, Pritchard, W Crook, Shorthouse, Wright, Hancocks, Smyth, Pye, Dunn, Mullen.

Referee: Mr G Iliffe (Leicester).
Order of Goals: W,d,d,W,d.
Position: 7th.