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| 05.12.1954 | BSK Beograd | - | Dinamo Zagreb | 3:5 | ||
| Hajduk Split | - | FK Sarajevo | 0:1 | |||
| Željezničar Sarajevo | - | Radnički Beograd | 2:1 | |||
| Lokomotiva Zagreb | - | Vardar Skopje | 1:0 | |||
| Vojvodina | - | Partizan | 1:1 | |||
| Spartak Subotica | - | Proleter Osijek | 0:1 | |||
| Rode Ster Belgrado | - | NK Zagreb | 1:1 |
| » Stand | Thuis | uit | Heenronde | Returnronde |
| # | Team | GS. | W. | G. | V. | Dp. | Ds. | P. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Dinamo Zagreb | 12 | 8 | 2 | 2 | 29:21 | 8 | 18:6 |
| 2 |
|
Hajduk Split | 12 | 6 | 4 | 2 | 30:16 | 14 | 16:8 |
| 3 |
|
Rode Ster Belgrado | 12 | 6 | 3 | 3 | 27:15 | 12 | 15:9 |
| 4 |
|
FK Sarajevo | 12 | 6 | 3 | 3 | 26:14 | 12 | 15:9 |
| 5 |
|
BSK Beograd | 12 | 7 | 1 | 4 | 28:24 | 4 | 15:9 |
| 6 |
|
Partizan | 12 | 5 | 3 | 4 | 26:18 | 8 | 13:11 |
| 7 |
|
Vojvodina | 12 | 3 | 7 | 2 | 17:14 | 3 | 13:11 |
| 8 |
|
Spartak Subotica | 12 | 5 | 2 | 5 | 26:24 | 2 | 12:12 |
| 9 |
|
NK Zagreb | 12 | 3 | 5 | 4 | 13:16 | -3 | 11:13 |
| 10 |
|
Radnički Beograd | 12 | 4 | 2 | 6 | 13:14 | -1 | 10:14 |
| 11 |
|
Proleter Osijek | 12 | 3 | 3 | 6 | 16:22 | -6 | 9:15 |
| 12 |
|
Vardar Skopje | 12 | 2 | 3 | 7 | 12:20 | -8 | 7:17 |
| 13 |
|
Željezničar Sarajevo | 12 | 3 | 1 | 8 | 15:32 | -17 | 7:17 |
| 14 |
|
Lokomotiva Zagreb | 12 | 3 | 1 | 8 | 12:40 | -28 | 7:17 |
