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| 11.04.1954 | Radnički Beograd | - | Hajduk Split | 2:5 | ||
| Partizan | - | FK Rabotnički | 8:0 | |||
| Spartak Subotica | - | BSK Beograd | 2:0 | |||
| Lokomotiva Zagreb | - | Crvena Zvezda | 1:3 | |||
| Proleter Osijek | - | Vojvodina | 1:2 | |||
| Vardar Skopje | - | Dinamo Zagreb | 1:1 | |||
| FK Sarajevo | - | NK Odred | 3:2 |
| » Classement | équipe recevante | à l'extérieur | Premier tour | Second tour |
| # | Équipe | M. | G. | N. | P. | Buts | Diff. | Pts. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Dinamo Zagreb | 23 | 16 | 4 | 3 | 59:18 | 41 | 36:10 |
| 2 |
|
Crvena Zvezda | 23 | 16 | 4 | 3 | 48:18 | 30 | 36:10 |
| 3 |
|
Partizan | 23 | 15 | 5 | 3 | 72:30 | 42 | 35:11 |
| 4 |
|
Hajduk Split | 23 | 15 | 3 | 5 | 46:30 | 16 | 33:13 |
| 5 |
|
Vojvodina | 23 | 12 | 4 | 7 | 53:34 | 19 | 28:18 |
| 6 |
|
Spartak Subotica | 23 | 10 | 3 | 10 | 42:45 | -3 | 23:23 |
| 7 |
|
FK Sarajevo | 23 | 10 | 3 | 10 | 31:38 | -7 | 23:23 |
| 8 |
|
BSK Beograd | 23 | 7 | 6 | 10 | 34:34 | 0 | 20:26 |
| 9 |
|
Vardar Skopje | 23 | 5 | 10 | 8 | 29:32 | -3 | 20:26 |
| 10 |
|
Lokomotiva Zagreb | 23 | 6 | 4 | 13 | 33:41 | -8 | 16:30 |
| 11 |
|
Proleter Osijek | 23 | 4 | 8 | 11 | 29:52 | -23 | 16:30 |
| 12 |
|
Radnički Beograd | 23 | 6 | 3 | 14 | 31:47 | -16 | 15:31 |
| 13 |
|
FK Rabotnički | 23 | 4 | 3 | 16 | 18:76 | -58 | 11:35 |
| 14 |
|
NK Odred | 23 | 3 | 4 | 16 | 31:61 | -30 | 10:36 |
