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| 18.04.1954 | Lokomotiva Zagreb | - | BSK Beograd | 3:0 | ||
| NK Odred | - | Dinamo Zagreb | 4:6 | |||
| Vojvodina | - | Spartak Subotica | 3:0 | |||
| Hajduk Split | - | Proleter Osijek | 8:0 | |||
| FK Rabotnički | - | Radnički Beograd | 0:3 | |||
| Partizan | - | Vardar Skopje | 1:0 | |||
| Rode Ster Belgrado | - | FK Sarajevo | 3:1 |
| » Stand | Thuis | uit | Heenronde | Returnronde |
| # | Team | GS. | W. | G. | V. | Dp. | Ds. | P. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Dinamo Zagreb | 24 | 17 | 4 | 3 | 65:22 | 43 | 38:10 |
| 2 |
|
Rode Ster Belgrado | 24 | 17 | 4 | 3 | 51:19 | 32 | 38:10 |
| 3 |
|
Partizan | 24 | 16 | 5 | 3 | 73:30 | 43 | 37:11 |
| 4 |
|
Hajduk Split | 24 | 16 | 3 | 5 | 54:30 | 24 | 35:13 |
| 5 |
|
Vojvodina | 24 | 13 | 4 | 7 | 56:34 | 22 | 30:18 |
| 6 |
|
Spartak Subotica | 24 | 10 | 3 | 11 | 42:48 | -6 | 23:25 |
| 7 |
|
FK Sarajevo | 24 | 10 | 3 | 11 | 32:41 | -9 | 23:25 |
| 8 |
|
BSK Beograd | 24 | 7 | 6 | 11 | 34:37 | -3 | 20:28 |
| 9 |
|
Vardar Skopje | 24 | 5 | 10 | 9 | 29:33 | -4 | 20:28 |
| 10 |
|
Lokomotiva Zagreb | 24 | 7 | 4 | 13 | 36:41 | -5 | 18:30 |
| 11 |
|
Radnički Beograd | 24 | 7 | 3 | 14 | 34:47 | -13 | 17:31 |
| 12 |
|
Proleter Osijek | 24 | 4 | 8 | 12 | 29:60 | -31 | 16:32 |
| 13 |
|
FK Rabotnički | 24 | 4 | 3 | 17 | 18:79 | -61 | 11:37 |
| 14 |
|
NK Odred | 24 | 3 | 4 | 17 | 35:67 | -32 | 10:38 |
