Saturday 1 October 1988 at Molineux (Att 14,080)

Wolves (1) 3 (Bull 9 88, Thompson 65p): Kendall, Bellamy, Thompson, Clarke, Robertson, Robinson, Gooding, Chard, Bull, Mutch, Dennison; Subs Venus, Gallagher.
Port Vale (2) 3 (Earle 30s, Futcher 11, Sproson 59): Grew, Webb, Hughes, Finney, Mills, Sproson, Ford, Earle, Futcher, Beckford, Riley; Subs Harper, Porter.

Referee: Mr J Moules (Dartford).
Order of Goals: p,W,p,p,W,W.
Penalty: Awarded against Alan Webb for a foul on Andy Mutch.
Position: 4th.