| Everton | 2 |
Stan Bentham 14' Wally Boyes 39' | |
| Liverpool | 1 |
Willie Fagan 43' (p) | |
HT: 2-1
Saturday 1 October 1938
KO: 15:15
Line-Up (2-3-5)
Average age: 25y 87d- GKTed Sagar
- RBBilly Cook
- LBNorman Greenhalgh
- RHJoe Mercer
- CHTG Jones
- LHJock Thomson ©
- ORTorry Gillick
- IRStan Bentham
- CFTommy Lawton
- ILAlex Stevenson
- OLWally Boyes