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| 28.02.1954 | Hajduk Split | - | Crvena Zvezda | 1:0 | ||
| BSK Beograd | - | Vardar Skopje | 3:1 | |||
| Partizan | - | Radnički Beograd | 4:2 | |||
| Lokomotiva Zagreb | - | Vojvodina | 3:1 | |||
| FK Rabotnički | - | NK Odred | 3:2 | |||
| Spartak Subotica | - | FK Sarajevo | 6:1 | |||
| 04.03.1954 | Proleter Osijek | - | Dinamo Zagreb | 2:5 |
| » Classement | équipe recevante | à l'extérieur | Premier tour | Second tour |
| # | Équipe | M. | G. | N. | P. | Buts | Diff. | Pts. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Partizan | 18 | 13 | 2 | 3 | 56:23 | 33 | 28:8 |
| 2 |
|
Hajduk Split | 18 | 13 | 2 | 3 | 33:18 | 15 | 28:8 |
| 3 |
|
Dinamo Zagreb | 18 | 12 | 3 | 3 | 44:16 | 28 | 27:9 |
| 4 |
|
Crvena Zvezda | 18 | 12 | 3 | 3 | 32:15 | 17 | 27:9 |
| 5 |
|
Vojvodina | 18 | 10 | 3 | 5 | 46:28 | 18 | 23:13 |
| 6 |
|
Spartak Subotica | 18 | 9 | 3 | 6 | 36:28 | 8 | 21:15 |
| 7 |
|
BSK Beograd | 18 | 5 | 5 | 8 | 29:30 | -1 | 15:21 |
| 8 |
|
Vardar Skopje | 18 | 3 | 8 | 7 | 23:26 | -3 | 14:22 |
| 9 |
|
FK Sarajevo | 18 | 6 | 2 | 10 | 19:34 | -15 | 14:22 |
| 10 |
|
Proleter Osijek | 18 | 3 | 7 | 8 | 21:42 | -21 | 13:23 |
| 11 |
|
Lokomotiva Zagreb | 18 | 4 | 4 | 10 | 24:29 | -5 | 12:24 |
| 12 |
|
Radnički Beograd | 18 | 4 | 3 | 11 | 21:36 | -15 | 11:25 |
| 13 |
|
FK Rabotnički | 18 | 4 | 3 | 11 | 18:53 | -35 | 11:25 |
| 14 |
|
NK Odred | 18 | 2 | 4 | 12 | 26:50 | -24 | 8:28 |
