| 21.11.1937 | Hamburg | Volksparkstadion | 55 000 |
| Germany | 5:0(2:0) | Sweden |
| Jakob Hans, Janes Paul, Münzenberg Reinhold, Kupfer Andreas, Goldbrunner Ludwig, Gellesch Rudolf, Lehner Ernst, Schön Helmut, Siffling Otto, Szepan Fritz(c), Urban Adolf | Bergqvist Sven, Johansson Karl, Eriksson Ivar, Grahn Karl-Erik, Nilsson Sven(c), Flodin Lars, Andersson Åke, Bergström Gunnar, Nyberg Arne, Carlsson-Askerlund Lennart, Mårtensson Malte |
| Coach:Josef 'Sepp' Herberger | Lundahl Harry |
| Scorers:2' Siffling Otto, 7' Szepan Fritz, 49' Schön Helmut, 58' Siffling Otto, 62' Schön Helmut |   |
| Referee:Bruno Pfützner (CZS) | Assistant referee: |