Saturday 8 October 1949 at Baseball Ground (Att 37,652)

Derby County (0) 1 (Stamps 64): Webster, Mozley, Howe, Ward, Leuty, Musson, Harrison, Powell, Stamps, Steel, Broome.
Wolves (1) 2 (Hancocks 44, Mullen 90): Williams, Kelly, Springthorpe, Crook, Shorthouse, Wright, Hancocks, Smyth, Pye, Dunn, Mullen.

Referee: Mr E Plinston (Warrington).
Order of Goals: W,d,W.
Position: 1st.