Saturday 17 September 1949 at Goodison Park (Att 59,593)

Everton (0) 1 (Corr 46): Sagar, Saunders, Dugdale, Farrell, Humphreys, Lello, Corr, Wainwright, McIntosh, Powell, Eglington.
Wolves (0) 2 (Mullen 81, Pye 87): Williams, McLean, Pritchard, Crook, Shorthouse, Wright, Hancocks, Forbes, Pye, Smyth, Mullen.

Referee: Mr R Leafe (Nottingham).
Order of Goals: e,W,W.
Position: 1st.