FA Charity Shield- Wednesday 29 September 1954 at Molineux (Att 40,800)

Wolves (1) 4 (Swinbourne 12 66, Deeley 46, Hancocks 73): Williams, Guttridge, Shorthouse, Flowers, Russell, Clamp, Hancocks, Broadbent, Swinbourne, Deeley, Wilshaw.
West Bromwich Albion (0) 4 (Allen 55 57 84, Ryan 77): Sanders, Rickaby, Millard, Dudley (Dugdale 83), Kennedy, Brookes, Griffin, Ryan, Allen, Carter, Lee (Hodkinson 65).

Referee: Mr G Gibson (Manchester).
Order of Goals: W,W,w,w,W,W,w,w.
Trophy: Wolves and Albion shared the trophy for six months each.
Landmark: Peter Russell makes his Wolves debut and Roy Swinbourne nets his first goals for Wolves.