Saturday 9 November 1974 at Molineux (Att 20,123)

Wolves (1) 2 (Hibbitt 5, Munro 62): Parkes, Palmer, Parkin, Bailey, Munro, McAlle, Hibbitt, Powell, Richards, Sunderland, Farley; Sub Kindon.
Ipswich Town (1) 1 (Woods 31): Sivell, Mills, Talbot, Hunter, Beattie, Hamilton, Viljeon, Woods, Whymark, Lambert; Sub Callard.

Referee: Mr A Jones (Ormskirk).
Order of Goals: W,i,W.
Position: 12th.