Saturday 26 November 1988 at Molineux (Att 13,180)

Wolves (3) 6 (Bull 13 30 59 76, Mutch 35, Vaughan 69): Kendall, Bellamy, Venus, Streete, Vaughan (Bennett 73), Robinson, Thompson, Downing (Gallagher 78), Bull, Mutch, Dennison.
Preston North End (0) 0: Brown, N Williams, Rathbone, Atkins, Wrightson, Allardyce (Swann 68), Mooney, Joyce, Ellis, Brazil, Patterson; Sub Hughes.

Referee: Mr R Groves (Weston-Super-Mare).
Position: 1st.