Saturday 24 September 1949 at Molineux (Att 45,559)

Wolves (4) 7 (Pye 2 32 85, Forbes 12 25, Mullen 47, Smyth 72): Williams, McLean, Pritchard, Crook, Shorthouse, Wright, Hancocks, Forbes, Pye, Smyth Mullen.
Huddersfield Town (1) 1 (Metcalfe 39): Hesford, Howe, Boot, Hunter, Percival, Morgan, McKenna, Glazzard, Rodgers, Nightingale, Metcalfe.

Referee: Mr G Tedds (Bestwood, Notts).
Order of Goals: W,W,W,W,h,W,W,W.
Position: 1st.