| Everton | 3 |
Harry Potts 25' Dave Hickson 58' Wally Fielding 80' | |
| Wolverhampton Wanderers | 2 |
Dennis Wilshaw 35' Peter Broadbent 86' | |
HT: 1-1
Monday 27 December 1954
KO: 14:15
Line-Up (2-3-5)
Average age: 29y 215d- 1GKJimmy O'Neill
- 2RBEric Moore
- 3LBDon Donovan
- 4RHPeter Farrell ©
- 5CHTE Jones
- 6LHCyril Lello
- 7OREddie Wainwright
- 8IRWally Fielding
- 9CFDave Hickson
- 10ILHarry Potts
- 11OLTommy Eglington