Saturday 22 September 1962 at Portman Road (Att 25,468)

Ipswich Town (2) 2 (Moran 2, Crawford 17): Bailey, Malcolm, Compton, Baxter, Nelson, Elsworthy, Stephenson, Moran, Moran, Crawford, Phillips, Blackwood.
Wolves (1) 3 (Hunt 12, McParland 80 81): Davies, Showell, Thomson, Goodwin, Woodfield, Flowers, Wharton, Crowe, McParland, Murray, Hinton.

Referee: Mr S Stokes (Newark).
Order of Goals: i,W,i,W,W.
Position: 1st.