Saturday 24 December 1938 at Molineux (Att 25,321)

Wolves (0) 0: Scott, Morris, Taylor, Galley, Cullis, Gardiner, Burton, McIntosh, Westcott, Dorsett, Maguire.
Derby County (0) 0: Boulton, Nicholas, Howe, Hann, Bailey, Ward, Crooks, Astley, McCulloch, Dix, Duncan.

Referee: Mr S Boardman (Hale, Cheshire).
Position: 4th.