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| 31.01.1954 | Barakaldo CF | - | CP La Felguera | 3:1 | ||
| CD Leonesa | - | CE Sabadell | 2:2 | |||
| CD Logroñés | - | Caudal Deportivo | 3:1 | |||
| Real Zaragoza | - | SD Escoriaza | 3:0 | |||
| Real Avilés Club de Fútbol | - | SD Eibar | 3:3 | |||
| SD España Industrial | - | Racing Ferrol | 2:3 | |||
| UD Salamanca | - | Deportivo Alavés | 3:1 | |||
| UE Lleida | - | Gimnástica Torrelavega | 3:0 | |||
| Atlético Tetuán | - | Xerez CD | 6:0 | |||
| CD Alcoyano | - | Hércules CF | 1:1 | |||
| CD Badajoz | - | CD Castellón | 2:0 | |||
| CD Tenerife | - | UD España | 1:1 | |||
| RB Linense | - | CD Málaga | 3:1 | |||
| RCD Mallorca | - | Granada CF | 1:2 | |||
| UD Melilla | - | UD Las Palmas | 1:0 | |||
| CD Mestalla | - | Real Murcia | 1:0 |
| » Stand | Thuis | uit | Heenronde | Returnronde |
| 1 | |||||||||
| # | Team | GS. | W. | G. | V. | Dp. | Ds. | P. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Deportivo Alavés | 20 | 13 | 4 | 3 | 46:24 | 22 | 30:10 |
| 2 |
|
Barakaldo CF | 20 | 14 | 2 | 4 | 40:19 | 21 | 30:10 |
| 3 |
|
CD Leonesa | 20 | 11 | 3 | 6 | 46:33 | 13 | 25:15 |
| 4 |
|
UD España | 20 | 11 | 1 | 8 | 44:38 | 6 | 23:17 |
| 5 |
|
SD Eibar | 20 | 8 | 6 | 6 | 38:32 | 6 | 22:18 |
| 6 |
|
UE Lleida | 20 | 9 | 3 | 8 | 36:33 | 3 | 21:19 |
| 7 |
|
CE Sabadell | 20 | 9 | 3 | 8 | 37:37 | 0 | 21:19 |
| 8 |
|
Real Zaragoza | 20 | 9 | 3 | 8 | 48:33 | 15 | 21:19 |
| 9 |
|
Real Avilés Club de Fútbol | 20 | 7 | 7 | 6 | 36:40 | -4 | 21:19 |
| 10 |
|
Racing Ferrol | 20 | 8 | 3 | 9 | 26:40 | -14 | 19:21 |
| 11 |
|
CD Logroñés | 20 | 9 | 1 | 10 | 48:36 | 12 | 19:21 |
| 12 |
|
Caudal Deportivo | 20 | 6 | 5 | 9 | 22:28 | -6 | 17:23 |
| 13 |
|
UD Salamanca | 20 | 5 | 5 | 10 | 32:35 | -3 | 15:25 |
| 14 |
|
SD Escoriaza | 20 | 6 | 3 | 11 | 29:51 | -22 | 15:25 |
| 15 |
|
CP La Felguera | 20 | 5 | 4 | 11 | 26:44 | -18 | 14:26 |
| 16 |
|
Gimnástica Torrelavega | 20 | 4 | 2 | 14 | 13:49 | -36 | 10:30 |
| 2 | |||||||||
| # | Team | GS. | W. | G. | V. | Dp. | Ds. | P. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Hércules CF | 20 | 12 | 3 | 5 | 42:30 | 12 | 27:13 |
| 2 |
|
Granada CF | 20 | 11 | 2 | 7 | 36:23 | 13 | 24:16 |
| 3 |
|
CD Málaga | 20 | 10 | 3 | 7 | 38:23 | 15 | 23:17 |
| 4 |
|
CD Castellón | 20 | 11 | 1 | 8 | 39:32 | 7 | 23:17 |
| 5 |
|
UD Las Palmas | 20 | 9 | 4 | 7 | 38:30 | 8 | 22:18 |
| 6 |
|
Atlético Tetuán | 20 | 10 | 1 | 9 | 40:30 | 10 | 21:19 |
| 7 |
|
RB Linense | 20 | 9 | 3 | 8 | 34:37 | -3 | 21:19 |
| 8 |
|
SD España Industrial | 20 | 8 | 4 | 8 | 45:34 | 11 | 20:20 |
| 9 |
|
CD Alcoyano | 20 | 7 | 6 | 7 | 30:29 | 1 | 20:20 |
| 10 |
|
CD Tenerife | 20 | 8 | 4 | 8 | 41:30 | 11 | 20:20 |
| 11 |
|
Xerez CD | 20 | 8 | 3 | 9 | 29:40 | -11 | 19:21 |
| 12 |
|
CD Badajoz | 20 | 7 | 5 | 8 | 45:40 | 5 | 19:21 |
| 13 |
|
Real Murcia | 20 | 6 | 5 | 9 | 29:39 | -10 | 17:23 |
| 14 |
|
UD Melilla | 20 | 7 | 3 | 10 | 23:41 | -18 | 17:23 |
| 15 |
|
CD Mestalla | 20 | 7 | 2 | 11 | 35:41 | -6 | 16:24 |
| 16 |
|
RCD Mallorca | 20 | 3 | 2 | 15 | 27:67 | -40 | 8:32 |
