| Wolverhampton Wanderers | 2 |
Jimmy Dunn 9' Dennis Westcott 29' | |
| Everton | 4 |
Tommy Eglington 3' Jock Dodds 14', 83', 86' | |
HT: 2-2
Saturday 21 February 1948
KO: 15:00
Line-Up (2-3-5)
Average age: 28y 310d- 1GKTed Sagar
- 2RBGeorge Saunders
- 3LBGordon Dugdale
- 4RHMaurice Lindley
- 5CHTG Jones
- 6LHPeter Farrell ©
- 7ORJackie Grant
- 8IRWally Fielding
- 9CFJock Dodds
- 10ILCyril Lello
- 11OLTommy Eglington