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| 31.10.1954 | Hajduk Split | - | BSK Beograd | 6:2 | ||
| Spartak Subotica | - | Vojvodina | 0:3 | |||
| Željezničar Sarajevo | - | Vardar Skopje | 2:1 | |||
| Radnički Beograd | - | Rode Ster Belgrado | 0:0 | |||
| Partizan | - | Lokomotiva Zagreb | 2:3 | |||
| Proleter Osijek | - | FK Sarajevo | 0:0 | |||
| Dinamo Zagreb | - | NK Zagreb | 2:2 |
| » Stand | Thuis | uit | Heenronde | Returnronde |
| # | Team | GS. | W. | G. | V. | Dp. | Ds. | P. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Dinamo Zagreb | 7 | 5 | 2 | 0 | 17:11 | 6 | 12:2 |
| 2 |
|
Hajduk Split | 7 | 4 | 3 | 0 | 19:11 | 8 | 11:3 |
| 3 |
|
Vojvodina | 7 | 3 | 3 | 1 | 14:9 | 5 | 9:5 |
| 4 |
|
BSK Beograd | 7 | 4 | 1 | 2 | 17:14 | 3 | 9:5 |
| 5 |
|
Spartak Subotica | 7 | 3 | 2 | 2 | 15:13 | 2 | 8:6 |
| 6 |
|
Partizan | 7 | 3 | 1 | 3 | 17:14 | 3 | 7:7 |
| 7 |
|
FK Sarajevo | 7 | 2 | 3 | 2 | 12:10 | 2 | 7:7 |
| 8 |
|
NK Zagreb | 7 | 3 | 1 | 3 | 9:10 | -1 | 7:7 |
| 9 |
|
Rode Ster Belgrado | 7 | 2 | 2 | 3 | 14:11 | 3 | 6:8 |
| 10 |
|
Proleter Osijek | 7 | 2 | 2 | 3 | 13:15 | -2 | 6:8 |
| 11 |
|
Vardar Skopje | 7 | 1 | 3 | 3 | 10:12 | -2 | 5:9 |
| 12 |
|
Lokomotiva Zagreb | 7 | 2 | 0 | 5 | 10:20 | -10 | 4:10 |
| 13 |
|
Željezničar Sarajevo | 7 | 2 | 0 | 5 | 12:24 | -12 | 4:10 |
| 14 |
|
Radnički Beograd | 7 | 1 | 1 | 5 | 7:12 | -5 | 3:11 |
