Saturday 2 April 1955 at Molineux (Att 28,140)

Wolves (0) 1 (Hancocks 49): Sims, Showell, Shorthouse, Slater, Flowers, Clamp, Hancocks, Broadbent, Swinbourne, Deeley, Smith.
Preston North End (1) 1 (Morrison 44): Thompson, Wilson, Walton, Waterhouse, Marston, Dunn, Finney, Foster, Baird, Baxter, Morrison.

Referee: Mr C Holland (Barnsley).
International: Both Bert Williams and Billy Wright missed the match through International duty.
Landmark: George Showell makes his League debut.
Position: 2nd.