Saturday 28 December 1974 at Kenilworth Road (Att 19,642)

Luton Town (2) 3 (R Futcher 38 42 84): Horn, JG Ryan, Buckley, Anderson, Faulkner, P Futcher, J Ryan, Husband, R Futcher, West, Aston; Sub Alston.
Wolves (1) 2 (Munro 21, Powell 69): Parkes, Williams, Parkin, Bailey, Munro, McAlle, Hibbitt (Daley 63), Powell, Richards, Kindon, Farley.

Referee: Mr J Goggins (Manchester).
Order of Goals: W,l,l,W,l.
Position: 12th.