Saturday 15 November 1947 at Molineux (Att 37,545)

Wolves (1) 3 (Forbes 12 83, Mullen 61): Williams, McLean, Pritchard, Crook, Shorthouse, Wright, Hancocks, Dunn, Westcott, Smyth, Mullen.
Portsmouth (0) 1 (Barlow 70): Butler, Rookes, Ferrier, Scoular, McCoy, Dickinson, Harris, Clarke, Froggatt, Barlow, Parker.

Referee: Mr I Brown (Barnes, Surrey).
Order of Goals: W,W,p,W.
Sent-off: Parker 59 (foul).
Position: 5th.