| Everton | 1 |
Tommy Lawton 8' | |
| Liverpool | 3 |
Jack Balmer 1' John Shafto 81', 87' | |
HT: 1-1
Wednesday 16 February 1938
KO: 15:15
Line-Up (2-3-5)
Average age: 24y 241d- GKHarry Morton
- RBBilly Cook
- LBJack Jones
- RHCliff Britton ©
- CHTG Jones
- LHJoe Mercer
- ORAlbert Geldard
- IRNat Cunliffe
- CFTommy Lawton
- ILAlex Stevenson
- OLTorry Gillick